secwatch.observer — SEC 8-K summary
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Issuer:     OFF THE HOOK YS INC. (OTH)
CIK:        0002067767
Form:       8-K
Filed at:   2026-02-20T23:59:59+00:00
Accession:  0001493152-26-007531
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2067767/000149315226007531/0001493152-26-007531-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2067767/000149315226007531/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-007531

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