OFF THE HOOK YS INC. (OTH): M&A transaction — Off The Hook Yachts closes $6M acquisition of Apex Marine, adding South Florida service facilities

OFF THE HOOK YS INC.

Purchase price $5.97M: $1.2M cash, 679K shares at $2.70 ($1.8M), and two promissory notes ($2.47M and $0.5M).
Apex facilities include 150-metric-ton haul-out capacity, vessels up to 130 ft, and in-house repair/refit teams.
CEO Brian John expects millions in annual cost savings from reduced third-party dependencies and faster turnaround.
Centralized campus near Fort Lauderdale/Miami will hold tens of millions in inventory for global buyers.
Strategic move to operational dominance and scaling without proportional overhead increase, per founder Jason Ruegg.

item 2.01 item 2.3 item 3.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

OFF THE HOOK YS INC. completed an acquisition involving Apex Marine, LLC., Apex Marine Sales, LLC. and Apex Marine Stuart, LLC. (collectively “Apex”) for $5.966,667 (closed 2026-05-13).

Action: acquisition
Counterparty: Apex Marine, LLC., Apex Marine Sales, LLC. and Apex Marine Stuart, LLC. (collectively “Apex”)
Consideration: $5.966,667
Closing: 2026-05-13

Exact text from the filing

The Membership Interest Purchase Agreement (the “MIPA”) was originally signed on February 13, 2026. The closing occurred on May 13, 2026. The purchase price was an aggregate of $5.966,667 which was paid by paying $1.2 million in cash, the issuance of shares having a value of $1,800,000 (679,012 shares at $2.70 per share) and the issuance of two promissory

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Source: SEC EDGAR

accession 0001493152-26-022878

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