secwatch.observer — SEC 8-K summary
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Issuer:     OFF THE HOOK YS INC. (OTH)
CIK:        0002067767
Form:       8-K
Filed at:   2026-05-14T12:05:16+00:00
Accession:  0001493152-26-022878
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 2.3, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Off The Hook Yachts closes $6M acquisition of Apex Marine, adding South Florida service facilities
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2067767/000149315226022878/0001493152-26-022878-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2067767/000149315226022878/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-022878

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