secwatch.observer — SEC 8-K summary
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Issuer:     OFF THE HOOK YS INC. (OTH)
CIK:        0002067767
Form:       8-K
Filed at:   2025-11-17T23:59:59+00:00
Accession:  0001493152-25-023827
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Off The Hook YS prices $15M IPO at $4.00/share; closes Nov 14, trades under OTH
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2067767/000149315225023827/0001493152-25-023827-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2067767/000149315225023827/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-023827

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer