---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-030328"
form_type: "8-K"
ticker: "OTH"
cik: "0002067767"
company_name: "OFF THE HOOK YS INC."
filed_at: "2026-06-26T21:00:38+00:00"
generated_at: "2026-06-26T21:02:34.827339+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# NextBoat enters $2M inventory loan agreement at 15% interest with related-party lender

## Summary
- Signed Master Loan Agreement with RLLT Capital; initial $2.0M advance funded June 22, 2026 for pre-owned boat inventory.
- Loan terms: 15% simple interest p.a., 180-day maturity, 1% origination fee, and 5% profit participation on boat sale gross profit.
- Loans are unsecured, full recourse; NextBoat and Off The Hook Yacht Sales are jointly and severally liable.
- President Jason Ruegg personally guarantees and pledges $5M+ in NXB shares as security; he received no consideration.

## SEC filing metadata
- accession: 0001493152-26-030328
- form_type: 8-K
- ticker: OTH
- cik: 0002067767
- company_name: OFF THE HOOK YS INC.
- filed_at: 2026-06-26T21:00:38+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2067767/000149315226030328/0001493152-26-030328-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2067767/000149315226030328/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-030328
- JSON: https://secwatch.observer/filing/0001493152-26-030328.json
- Plain text: https://secwatch.observer/filing/0001493152-26-030328.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.