secwatch.observer — SEC 8-K summary
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Issuer:     OFF THE HOOK YS INC. (OTH)
CIK:        0002067767
Form:       8-K/A
Filed at:   2026-06-29T21:25:04+00:00
Accession:  0001493152-26-031127
Event type: m_and_a
Sentiment:  negative
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2067767/000149315226031127/0001493152-26-031127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2067767/000149315226031127/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-031127

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