NXB 8-K: Material agreement

NextBoat Inc.'s subsidiary Off The Hook Yacht Sales NC

Filed with the SEC on · accession 0001493152-26-051809

NXB filed a 8-K (current report) with the SEC on Nov 13, 2026. NextBoat Inc.'s subsidiary Off The Hook Yacht Sales NC entered into a seven-year triple-net lease for 22 boat slips at Cape Fear Marina in Wilmington, NC, with the Company guaranteeing the obligations. The stock moved +19.7% by the first close after the filing.

Summary of the filing

NextBoat Inc.'s subsidiary Off The Hook Yacht Sales NC entered into a seven-year triple-net lease for 22 boat slips at Cape Fear Marina in Wilmington, NC, with the Company guaranteeing the obligations. The lease is a related-party transaction involving two directors, with aggregate base rent of approximately $822,948 over the term.

Key details

Initial monthly base rent$9K
Initial annual base rent$107K
Security deposit paid by OTH NC$18K
Aggregate base rent over seven-year lease term$823K
Purchase price paid by Landlord to acquire the boat slips from OTH Realty, LLC and Jason Ruegg$1.4M
Registrant and guarantor of the leaseNextBoat Inc.
Wholly owned subsidiary of nextboat inc. and tenant under the leaseOff The Hook Yacht Sales NC, LLC
Landlord; controlled by director zebulon z. hadley ivHadley Harbor Group LLC
Seller of the boat slips to the landlord; wholly owned by jason rueggOTH Realty, LLC
Director of nextboat inc. and controller of hadley harbor group llc (landlord)Zebulon Z. Hadley IV
Chairman of the board and principal stockholder of nextboat inc.Jason Ruegg
Chief executive officerRoss Tannenbaum

How NXB stock reacted

Close before

$1.17

Nov 12, 2026

First close after

+19.66%

$1.40

5 trading days

—

Since filing

—

✦ Ask GOAX AI about this filing — what it means for NXB, what changed since its last filings and what to watch next.

Try it free for 7 days

🔔 Want to stay updated on new SEC filings for NXB?

Click here

Frequently asked questions

What did NXB file with the SEC on Nov 13, 2026?

NXB filed a 8-K (Material agreement). NextBoat Inc.'s subsidiary Off The Hook Yacht Sales NC entered into a seven-year triple-net lease for 22 boat slips at Cape Fear Marina in Wilmington, NC, with the Company guaranteeing the obligations. The lease is a related-party transaction involving two directors, with aggregate base rent of approximately $822,948 over the term.

What does a material agreement mean for NXB stock?

A contract important enough that investors need to know about it — a big customer contract, a loan, a merger agreement or a partnership.

How do I read a 8-K?

A report of a major event, filed within four business days: results, deals, leadership changes, bankruptcy and more. The "Item" number tells you the topic (e.g. 2.02 results, 5.02 executive change, 1.01 new agreement, 1.03 bankruptcy). Exhibits (99.1 press release) usually hold the details.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 8-K (current report): A report of a major event, filed within four business days: results, deals, leadership changes, bankruptcy and more.

How did NXB stock react to this filing?

NXB closed at $1.17 before the filing and $1.40 on Nov 13, 2026 (+19.66%).

Other NXB SEC filings

Get alerts when NXB files with the SEC, plus live charts, key levels and news for 13,000+ stocks.

Try SEPT free for 7 days