other material
confidence high
sentiment neutral
materiality 0.75
Off The Hook YS prices $15M IPO at $4.00/share; closes Nov 14, trades under OTH
OFF THE HOOK YS INC.
- Priced 3,750,000 shares at $4.00 each for gross proceeds of $15M; underwriters have 45-day option for 562,500 more shares.
- Issued underwriter warrants to purchase 187,500 shares at $5.00 (125% of offer price), exercisable from May 11, 2026 to Nov 12, 2030.
- Proceeds to be used for working capital (floorplan), marketing, potential waterfront property acquisitions, and repayment of a promissory note.
- Shares began trading on NYSE American on November 13, 2025 under symbol 'OTH'; offering closed on November 14, 2025.
- Company generates over $90M annual sales from yacht/boat wholesaling across eight locations with 35+ sales reps.