Off The Hook YS, a yacht and boat marketplace and wholesaler, filed on Monday with the SEC to raise up to $29 million in an initial public offering.
The company is a yacht and boat dealer and wholesaler, and it claims to be the largest marine wholesaler in the industry. It has eight physical locations, as well as an online presence. The company has historical dealt with pre-owned boats, although it is expanding into the sale of new boats. Off The Hook also offers financing solutions for clients, as well as complementary vessel services and repairs.
The Wilmington, NC-based company was founded in 2012 and plans to list on the NYSE American, but has not yet selected a symbol (RC Ticker: OFT.RC). ThinkEquity is the sole bookrunner on the deal. No pricing terms were disclosed.
