NextBoat Inc.

NextBoat Inc. (OTH) priced its initial public offering on Nov 14, 2025 at $4.00 per share, within its $4.00–$6.00 range, raising $15M, and listed on NYSE American. At the IPO price its market capitalization was about $95M. ThinkEquity was lead-left underwriter. Lucosky Brookman advised the company and Sichenzia Ross Ference Carmel advised the underwriters.

NextBoat Inc. is a vertically integrated business serving the lifecycle of used boats and yachts, through affiliates such as Off The Hook Yacht Sales, which buys, sells and wholesales boats, and Azure Funding, a recreational loan broker and lender.

Status

IPO

Ticker

OTH

Exchange

NYSE American

Priced

Nov 14, 2025

IPO price

$4.00

Price range

$4.00–$6.00

Raised

$15M

Market cap at IPO price

$95M

First filed

Jul 7, 2025

Underwriters

ThinkEquity

Company counsel

Lucosky Brookman

Underwriters' counsel

Sichenzia Ross Ference Carmel

Sector

Industrials & materials

Country / state

NC

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.