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…