NextBoat Debuts New Ticker in Shift Toward AI-Powered Marine Sales
New York, Friday, 29 May 2026.
NextBoat has launched its new NXB ticker on the NYSE American, marking a strategic pivot to use artificial intelligence to transform the $57 billion U.S. marine market.
A Structural Shift in Marine Retail
On May 28, 2026, NextBoat Inc. officially retired its former identity, Off The Hook YS Inc., and its previous ticker symbol, OTH [1]. Headquartered in Wilmington, North Carolina, the company was originally founded in 2012 as a traditional yacht brokerage [1]. Today, it operates as a vertically integrated marine marketplace seeking to capture a larger share of the $57 billion United States marine industry [1]. By integrating proprietary technology and transaction data, NextBoat aims to streamline everything from direct inventory acquisition and wholesale distribution to auctions and marine services [1].
Insider Equity and Financial Confidence
Amidst the corporate restructuring, NextBoat’s executive team has also demonstrated notable equity retention. On May 26, 2026, Chief Financial Officer Corbin Chad Gregory saw a block of 100,000 Restricted Stock Units (RSUs) vest in full [2]. These units, which were originally granted on November 26, 2025, converted into common stock on their six-month anniversary [2]. The market price of the company’s common stock on the vesting date was established at $2.44 per share [2].