---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-031127"
form_type: "8-K/A"
ticker: "OTH"
cik: "0002067767"
company_name: "OFF THE HOOK YS INC."
filed_at: "2026-06-29T21:25:04+00:00"
generated_at: "2026-06-29T21:26:22.170445+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NextBoat files financials for acquired Apex Marine: $2.3M net loss in 2025 with going-concern doubt

## Summary
- Apex Marine had net loss of $2,332,031 on revenue of $29.9M for year ended Dec 31, 2025.
- Total assets of $19.5M, liabilities of $14.7M, and members' equity of $4.78M.
- Auditor raised substantial doubt about Apex's ability to continue as a going concern due to net loss and negative op cash flow of $7.45M.
- Floor plan notes payable of $11.2M and related-party note of $500K outstanding.
- Acquisition closed May 13, 2026, making Apex a wholly owned sub of NextBoat (NXB).

## SEC filing metadata
- accession: 0001493152-26-031127
- form_type: 8-K/A
- ticker: OTH
- cik: 0002067767
- company_name: OFF THE HOOK YS INC.
- filed_at: 2026-06-29T21:25:04+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2067767/000149315226031127/0001493152-26-031127-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2067767/000149315226031127/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-031127
- JSON: https://secwatch.observer/filing/0001493152-26-031127.json
- Plain text: https://secwatch.observer/filing/0001493152-26-031127.txt

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