Form 8-K
8-K — NextBoat Inc.
Accession: 0001493152-26-029885
Filed: 2026-06-24
Period: 2026-06-24
CIK: 0002067767
SIC: 3730 (SHIP & BOAT BUILDING & REPAIRING)
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
8-K — form8-k.htm (Primary)
EX-99.1 (ex99-1.htm)
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF
THE
SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported): June 24, 2026
NextBoat
Inc.
(Exact
name of registrant as specified in its charter)
Nevada
001-42930
33-2636992
(State
or other jurisdiction
of
incorporation)
(Commission
File
Number)
(I.R.S.
Employer
Identification
No.)
1701
Jel Wade Dr
Wilmington,
NC 28401
(Address
of principal executive offices)
Registrant’s
telephone number, including area code: (910) 772-9277
N/A
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
Stock, $0.001 par value
NXB
NYSE
American LLC
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
7.01. Regulation FD Disclosure.
On
June 24, 2026, NextBoat Inc. (the “Company”) issued a press release: “NextBoat Reports Strong Integration Progress
Following APEX Acquisition”. A copy of the press release is attached hereto as Exhibit 99.1.
The
information under Item 7.01 of this Current Report on Form 8-K and the exhibit attached hereto shall not be deemed “filed”
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section,
or incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, except as shall be
expressly set forth by specific reference in any such filing.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit
Number
Exhibits
99.1
Press Release of NextBoat Inc. entitled “NextBoat Reports Strong Integration Progress Following APEX Acquisition” dated June 24, 2026.
104
Cover
Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Date:
June 24, 2026
NextBoat
Inc.
By:
/s/
Brian John
Name:
Brian
John
Title:
Chief
Executive Officer
EX-99.1
EX-99.1
Filename: ex99-1.htm · Sequence: 2
Exhibit 99.1
NextBoat
Reports Strong Integration Progress Following APEX Acquisition
Company
Achieves Early Sales Success, Expands Service Capacity, and Identifies Significant Cost
Savings Within First 60 Days
Wilmington,
NC – ACCESS Newswire – June 24, 2026 – NextBoat Inc. (NYSE American: NXB) (“NextBoat” or the
“Company”), today announced significant progress in the first 60 days following its acquisition of Apex Marine Companies
(“APEX”). Since completing the transaction on May 1, 2026, the Company has successfully integrated APEX’s entire boat
inventory into the NextBoat platform, substantially expanding the product offerings available to its broker network and customers. In
addition, the majority of APEX’s pre-owned inventory has been successfully transitioned to the Company’s Miami location,
further centralizing operations, improving inventory management, and enhancing sales visibility across the platform.
The
integration has been accompanied by strong sales performance. Since the acquisition, the APEX sales team has completed the sale of 15
vessels across multiple product categories, reflecting continued customer demand and a successful transition into the NextBoat platform.
In addition, the Company is actively working to close additional boat sales during June, with several transactions already completed
and others currently pending.
“The
successful integration of APEX and the strong performance of our team demonstrate the value of this acquisition and our ability to execute
strategically,” said Andy Simmons, President of APEX Operations. “Our employees have embraced the transition, and we are
already seeing measurable results across sales, service operations, and cost management.”
NextBoat
has also continued to expand its service capabilities. The service department currently stores eight boats on-site and is developing
additional yard space on the rear portion of the property. The expansion is expected to be completed by the end of June and is anticipated
to increase operational capacity while generating meaningful long-term cost savings.
As
part of its operational optimization strategy, NextBoat has taken decisive action to eliminate underperforming assets and streamline
operations. The Company has closed its Haulover location and has already identified approximately $90,000 in monthly SG&A reductions
through facility consolidation, vendor rationalization, personnel optimization, and other operating efficiencies. Additional opportunities
for savings and operational improvements remain under evaluation.
These
accomplishments represent important milestones in NextBoat’s post-acquisition integration strategy and position the Company for
continued growth, improved profitability, and enhanced operational performance throughout the remainder of 2026.
“Our
goal is to build a more efficient, scalable platform that delivers exceptional service to customers while creating long-term value for
shareholders,” said Brian John, Chief Executive Officer. “By centralizing inventory and expanding our service infrastructure,
we expect to improve operating efficiency, reduce costs, and provide an even higher level of support to our customers and manufacturing
partners.”
About
NextBoat Inc.
Founded
in 2012, NextBoat Inc., previously known as Off The Hook YS Inc., is a vertically integrated, AI-powered marine marketplace transforming
how boats are bought, sold, financed, and serviced across the United States. Through proprietary technology, transaction data, financing
capabilities, and a growing national acquisition network, the Company operates across boat brokerage, wholesale inventory acquisition,
auctions, financing, and marine services. NextBoat’s ecosystem includes Off The Hook Yachts, Autograph Yacht Group,
Azure Funding, and proprietary lead-generation platforms. Headquartered in Wilmington, North Carolina, NextBoat is rapidly expanding
its national footprint and market share within the $57 billion U.S. marine industry.
Contact
Investor
Relations
ir@nextboat.com
Forward-Looking
Statements
This
press release contains forward-looking statements within the meaning of the federal securities laws regarding NextBoat Inc. (“Company”),
including, without limitation, statements regarding the Company’s business strategy, technology platform, market opportunity, planned
operations, and expected results and benefits. You can generally identify forward-looking statements by the use of forward-looking terminology
such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,”
“explore,” “evaluate,” “intend,” “may,” “might,” “plan,” “potential,”
“predict,” “project,” “seek,” “should,” or “will,” or the negative of such
terms thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these identifying
words.
These
forward-looking statements are based on the Company’s current plans, objectives, estimates, expectations, and intentions and inherently
involve significant risks and uncertainties, many of which are beyond our control. Actual results, performance or achievements, including
the timing of events, may differ materially from those expressed or implied by the forward-looking statements as a result of various
risks and uncertainties, including those described under the heading “Risk Factors” in the Company’s filings with the
Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other subsequent
filings with the SEC. Copies of these filings are available on the SEC’s website at www.sec.gov. Investors are cautioned that forward-looking
statements are not guarantees of future performance, and are cautioned not to place undue reliance on any such forward-looking statements.
The forward-looking statements made in this press release are made only as of the date hereof or as of the dates indicated in the forward-looking
statements and reflect the views stated therein with respect to future events at such dates, even if they are subsequently made available
by the Company on its website or otherwise. The Company undertakes no obligation to update, revise or supplement any forward-looking
statements to reflect actual results, new information, future events, changes in its expectations or other circumstances occurring after
the date such statements were made, except as required by applicable law.
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