NextBoat Subsidiary Secures Up to $2.2 Million Bridge Note; Company and Insiders Guarantee
NextBoat's subsidiary, Off The Hook Yacht Sales NC, secured up to $2.2 million in bridge financing from BPC Management. The deal includes a $1.0 million advance on Oct 13, 2026, with a potential second advance of up to $1.2 million by Dec 31, 2026. The financing carries 15% interest and a 2% origination fee, with mandatory prepayments tied to boat sales. NextBoat and insider Jason Ruegg provided guarantees to support the loan.

