---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-039033"
form_type: "8-K"
ticker: "OTH"
cik: "0002067767"
company_name: "OFF THE HOOK YS INC."
filed_at: "2026-08-18T21:00:15+00:00"
generated_at: "2026-08-18T21:02:19.265018+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# NextBoat secures $510K convertible loan from Greentree with 10% OID

## Summary
- $510,000 principal, 10% OID, net proceeds ~$459,000 after $10k legal fee.
- 10% interest, matures Aug 14, 2028; converts at $1.785/share with reset.
- Warrant for 100,000 shares at $1.785, 3-year term, down-round protection.
- 20,000 commitment shares issued; prepayment allowed with 15 days notice.
- Qualified financing of $5M+ triggers repayment of note upon lender request.

## SEC filing metadata
- accession: 0001493152-26-039033
- form_type: 8-K
- ticker: OTH
- cik: 0002067767
- company_name: OFF THE HOOK YS INC.
- filed_at: 2026-08-18T21:00:15+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2067767/000149315226039033/0001493152-26-039033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2067767/000149315226039033/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-039033
- JSON: https://secwatch.observer/filing/0001493152-26-039033.json
- Plain text: https://secwatch.observer/filing/0001493152-26-039033.txt

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