$57 Billion US Marine Industry Offers Huge Growth Opportunities for New IPO Company Already Established as One of the Largest Dealers in Pre-Owned Boats: Off The Hook YS Inc. (NYSE: OTH)Off The Hook YS Inc. (NYSE American: OTH ), Founded in 2012 by Jason Ruegg, has become one of America’s largest buyers and sellers of pre-owned boats. Headquartered in Wilmington, North Carolina, with operations throughout the East Coast and South Florida, OTH acquires more than $100 million in boats and yachts annually. OTH leverages AI-assisted valuation tools and a data-driven sales platform to bring speed and transparency to yacht transactions, supported by a nationwide network of offices and marinas offering brokerage, wholesale, and performance yacht sales.
TechMediaBreaks – Off The Hook YS Inc. (NYSE American: OTH) Closes $15 Million Initial Public OfferingOff 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.
