Financing ·
On June 22, 2026, NextBoat Inc. and its subsidiary, Off The Hook Yacht Sales NC, LLC, entered into a Master Loan…
NXBNextBoat Inc.
On June 22, 2026, NextBoat Inc. and its subsidiary, Off The Hook Yacht Sales NC, LLC, entered into a Master Loan Agreement with RLLT Capital, LLC to finance pre-owned boat inventory. The lender provided an initial loan of $2.0 million with a 15.0% annual simple interest rate, maturing after 180 days or upon the sale of the boat. Terms include a 1% origination fee and a 5% profit participation on gross profits from boat sales. President and controlling shareholder Jason Ruegg provided a personal guarantee and pledged common stock with a collateral value of at least $5.0 million via Ruegg Capital Group, Inc. NextBoat Inc. operates in the marine industry and sells pre-owned boats.