AINewsBreaks – Off The Hook YS Inc. (NYSE American: OTH) Closes $15 Million Initial Public Offering 

Off The Hook YS (NYSE American: OTH), a premier yacht and boat wholesaler, closed its initial public offering of 3,750,000 shares at $4.00 per share for gross proceeds of $15 million, before underwriting discounts and expenses, and granted underwriters a 45-day option to purchase up to 562,500 additional shares; proceeds will be used to service the floorplan, advertise and market inventory, repay a promissory note and provide working capital, and ThinkEquity served as sole book-running manager for the offering.

To view the full press release, visit https://ibn.fm/M1c4s

About Off The Hook YS Inc.

Off The Hook is a premier yacht and boat wholesaler specializing in the buying and selling of yachts and boats. Off The Hook combines advanced technology, proprietary AI-assisted valuation tools, and a data-driven sales platform to bring greater transparency and efficiency to yacht transactions. Over the past decade, Off The Hook has become a go-to wholesaler in the marine industry, earning numerous accolades, having been named one of the 500 fastest-growing companies in the United States by Inc. 500 for two consecutive years, and is consistently ranked as a Top 100 Dealer in the USA by Boating Industry magazine. Today, Off The Hook generates over $90 million in annual boat and yacht sales, operating across eight locations with a team of over 35 sales representatives who transact on more than 400 vessels each year. The Company’s success is built on a commitment to excellence, emphasizing the hiring of highly skilled professionals who embody integrity and a passion for the boating industry. By prioritizing relationship-building and ensuring client satisfaction, Off The Hook believes that it has established the Company as the go-to wholesaler in the industry.

For more information, please visit the Company’s website: https://www.offthehookyachts.com/

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