Off The Hook Yachts signs definitive agreement to acquire Apex Marine Group for $5.5M

OFF THE HOOK YS INC.

Purchase price $5.5M: $1.83M cash, $1.83M stock at $2.70/share (~670K shares), $1.83M seller note at 6% due in 3 yrs.
Acquires four South Florida marine service/storage facilities with 150-ton haul-out capacity and full-service teams.
Expected close within ~60 days, pending due diligence and third-party consents.
Company anticipates millions in annual cost savings by insourcing refurbishment and reducing transport costs.
Deal supports transformation into a global mega sales destination for pre-owned boats.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

OFF THE HOOK YS INC. entered into Membership Interest Purchase Agreement with Apex Marine Sales, LLC, Apex Marine Stuart LLC, Apex Marine, LLC and Apex Marine Sales Brokerage, LLC valued at $5,500,000 (effective 2026-02-13).

Action: entry
Agreement: asset purchase
Counterparty: Apex Marine Sales, LLC, Apex Marine Stuart LLC, Apex Marine, LLC and Apex Marine Sales Brokerage, LLC
Value: $5,500,000
Effective: 2026-02-13

Exact text from the filing

On February 13, 2026, Off The Hook YS Inc., a Nevada corporation (the “Company”), entered into a Membership Interest Purchase Agreement (the “Purchase Agreement”) with Apex Marine Sales, LLC, Apex Marine Stuart LLC, Apex Marine, LLC and Apex Marine Sales Brokerage, LLC, each a Florida limited liability company (collectively, the “Sellers”), pursuant to which the Company agreed to acquire all of the issued and outstanding equity interests of the Sellers’ marine dealership, service, storage and brokerage businesses (collectively, “APEX”).

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OFF THE HOOK YS INC. filing history →

Source: SEC EDGAR

accession 0001493152-26-007531

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