Off The Hook Yachts Rebrands to NextBoat with New ‘NXB’ Ticker on May 29
Off The Hook YS Inc. will rebrand as NextBoat Inc. and change its NYSE American ticker from “OTH” to “NXB” effective May 29, 2026, signaling its evolution beyond yacht brokerage. The company’s AI-powered platform now offers valuations, financing and end-to-end digital transactions to scale in the $57 billion U.S. pre-owned boat market.
1. Rebrand and Ticker Change
Off The Hook YS Inc. announced it will officially rebrand as NextBoat Inc. and adopt the ticker symbol “NXB” on the NYSE American, effective on or about May 29, 2026. The name change aims to reflect the company’s transition from a traditional yacht brokerage into a technology-driven marketplace.
2. Evolution into AI-Powered Platform
NextBoat positions itself as an AI-powered marine ecosystem offering automated valuations, acquisition scouting, financing placement and digital closings. The platform’s data-driven infrastructure is designed to connect brokers, dealers and resellers in a single digital workflow, reducing reliance on physical brokerages.
3. Business Segments and Market Opportunity
NextBoat will retain Off The Hook Yachts as its core B2B division for dealer trade-ins and liquidation while expanding consumer marketplace, auction channels, financing and marine services. The company targets the $57 billion U.S. pre-owned boat market with a scalable, decentralized distribution model powered by embedded AI.