Recent Updates — NXB
NextBoat Inc. announced two strategic leadership appointments on September 4, 2026: Zebulon Hadley joined the Board of Directors as an independent director and will chair the Compensation Committee, while Todd Bates was named Vice President of Finance & Insurance. Hadley brings over two decades of experience scaling companies, including National Coatings Inc., which generates approximately $39 million in annual revenue. Bates previously served as Corporate Director of Finance for a major marine retail group, where he grew F&I revenue by more than $5 million across 80 locations. These hires aim to strengthen governance and drive revenue growth as the company scales into a mature public entity. NextBoat Inc. operates as a vertically integrated, technology-driven marine marketplace that buys, sells, finances, and services used boats in the United States.
NextBoat Inc. entered into a Loan Agreement with Greentree Financial Group, Inc., issuing a $510,000 principal 10% Convertible Promissory Note maturing August 14, 2028. Net proceeds were approximately $459,000 after a 10% original issuance discount and legal fees. The note accrues interest at 10% per annum, payable quarterly starting October 10, 2026, with an 18% default rate. It is convertible into common stock at $1.785 per share, subject to six-month reset provisions if the closing bid price falls lower. The company also issued a warrant for 100,000 shares at $1.785 and 20,000 restricted commitment shares. NextBoat Inc. operates in the marine technology sector, providing boat sharing and rental services.
Michael Kosloske resigned from the Board of Directors effective July 17, 2026, without disagreement with the company. Zebulon Z. Hadley, IV was appointed to the Board effective July 23, 2026, to fill the vacancy, and he currently serves as the President and CEO of National Coatings, Inc. NextBoat Inc. operates in the marine or boating industry.
NextBoat Inc. entered into a five-year Strategic Partnership and Revenue Sharing Agreement with MarineMax, Inc. to collaborate on pre-owned vessel transactions, financing, insurance, and related services using the NextBoat AI Platform. As part of the agreement, NextBoat will issue warrants to MarineMax to purchase up to 1,250,000 shares of common stock at exercise prices between $3.25 and $7.00 per share. NextBoat Inc. operates in the marine vessel technology and services industry.
NextBoat Inc. filed an amendment to a previous 8-K to provide required financial statements and unaudited pro forma financial information regarding its acquisition of Apex Marine, LLC, Apex Marine Sales, LLC, and Apex Marine Stuart, LLC. The filing includes audited combined financial statements for the year ended December 31, 2025, and unaudited statements through March 31, 2026. NextBoat Inc. operates in the marine industry and provides boating services and products.
NextBoat Inc. announced via press release on June 29, 2026, that its Autograph Yacht Division has completed a landmark superyacht transaction. NextBoat Inc. operates in the marine industry and manufactures/sells superyachts.