Form 8-K

8-K — NextBoat Inc.

Accession: 0001493152-26-031439

Filed: 2026-07-01

Period: 2026-06-25

CIK: 0002067767

SIC: 3730 (SHIP & BOAT BUILDING & REPAIRING)

Item: Entry into a Material Definitive Agreement

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — form8-k.htm (Primary)

EX-10.1 (ex10-1.htm)

EX-99.1 (ex99-1.htm)

GRAPHIC (ex99-1_001.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: form8-k.htm · Sequence: 1

false

0002067767

2026-06-25

iso4217:USD

xbrli:shares

iso4217:USD

xbrli:shares

UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

WASHINGTON,

D.C. 20549

FORM

8-K

CURRENT

REPORT

PURSUANT

TO SECTION 13 OR 15(d) OF

THE

SECURITIES EXCHANGE ACT OF 1934

Date

of Report (Date of earliest event reported): June 25, 2026

NextBoat

Inc.

(Exact

name of registrant as specified in its charter)

Nevada

001-42930

33-2636992

(State

or other jurisdiction

incorporation)

(Commission

File

Number)

(I.R.S.

Employer

Identification

No.)

1701

Jel Wade Dr

Wilmington,

NC 28401

(Address

of principal executive offices)

Registrant’s

telephone number, including area code: (910) 772-9277

N/A

(Former

name or former address, if changed since last report)

Check

the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under

any of the following provisions:

☐

Written

communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting

material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement

communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement

communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities

registered pursuant to Section 12(b) of the Act:

Title

of each class

Trading

Symbol(s)

Name

of each exchange on which registered

Common

Stock, $0.001 par value

NXB

NYSE

American LLC

Indicate

by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405

of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging

growth company ☒

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item

1.01. Entry into a Material Definitive Agreement.

June 25, 2026, NextBoat Inc. (the “Company”), entered into a Strategic Partnership and Revenue Sharing Agreement (the “Partnership

Agreement”) with MarineMax, Inc. (“MarineMax”). Pursuant to the Partnership Agreement, the parties agreed to collaborate

on pre-owned vessel transactions, financing, insurance and related services, including through the use of the Company’s proprietary

NextBoat AI Platform.

additional consideration, the Company agreed to issue to MarineMax warrants to purchase up to 1,250,000 shares of common stock of the

Company, at exercise prices ranging from $3.25 to $7.00 per share, subject to vesting terms set forth in the Partnership Agreement. The

Partnership Agreement has an initial term of five years and may be terminated by either party upon 90 days’ prior written notice.

The

foregoing description of the Partnership Agreement does not purport to be complete and is qualified in its entirety by reference to the

full text of the Partnership Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated

herein by reference.

Item

7.01. Regulation FD Disclosure.

July 1, 2026, the Company issued a press release announcing the strategic partnership with MarineMax. A copy of the press release is

attached hereto as Exhibit 99.1.

The

information under Item 7.01 of this Current Report on Form 8-K and the exhibit attached hereto shall not be deemed “filed”

for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section,

or incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, except as shall be

expressly set forth by specific reference in any such filing.

Item

9.01. Financial Statements and Exhibits.

(d)

Exhibits.

Exhibit

Number

Exhibits

10.1

Strategic Partnership and Revenue Sharing Agreement, dated as of June 25, 2026, by and between NextBoat Inc. and MarineMax, Inc.

99.1

Press Release of NextBoat Inc. entitled “NextBoat Launches National AI Platform Rollout Through Strategic Partnership with MarineMax, the World’s Largest Recreational Boat and Yacht Retailer” dated July 1, 2026.

104

Cover

Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant

to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by

the undersigned hereunto duly authorized.

Date:

July 1, 2026

NextBoat

Inc.

By:

/s/

Brian John

Name:

Brian

John

Title:

Chief

Executive Officer

EX-10.1

Filename: ex10-1.htm · Sequence: 2

Exhibit

10.1

STRATEGIC

PARTNERSHIP

AND

REVENUE SHARING AGREEMENT

This

Strategic Partnership and Revenue Sharing Agreement (“Agreement”) is entered into as of June 25, 2026 (the

“Effective Date”), by and between:

MarineMax,

Inc. a Florida corporation (“MarineMax”), and Off The Hook Yacht Sales NC, LLC, a North Carolina limited liability

company (“OTH”). MarineMax and OTH may be referred to individually as a “Party” and collectively as the “Parties.”

1. Purpose.

The Parties desire to establish a strategic commercial

relationship to collaborate on pre-owned vessel transactions, financing, insurance, and related services, in order to increase transaction

volume, speed, and revenue opportunities for both Parties and all affiliates of each party now or in the future.

This

Agreement is intended to document a commercial collaboration only and does not create a partnership, joint venture, or fiduciary relationship.

For

purposes of this Agreement:

(a) “NEXTBOAT

AI Platform” means OTH’s proprietary AI-driven vessel valuation and transaction platform.

(b) “Term” means the period set forth in Section 10.

Year” means the period commencing on January 1 and ending on December 31 of the same year; provided that for the partial year

in which the Effective Date occurs, all volume-based and income-based thresholds set forth in this Agreement shall be reduced on a pro

rata basis based on the number of days remaining in such Calendar Year following the Effective Date.

Scope of Relationship.

(a) OTH

Responsibilities. OTH will focus on high-volume used vessel valuation, acquisition, resale, and deployment of its NEXTBOAT AI Platform.

(b) MarineMax

Responsibilities. MarineMax will leverage its retail origination platform and provide financing and insurance solutions through its

affiliated platforms.

Parties agree to work together in good faith to maximize transaction volume and mutual economic benefit.

Pre-Owned Inventory Collaboration

(a) MarineMax

will use commercially reasonable efforts to prioritize OTH as a preferred wholesale buyer for pre-owned inventory opportunities; provided,

however, that the Parties recognize and agree that this is not an exclusive relationship and MarineMax is not obligated use OTH or its

NEXTBOAT AI Platform.

(b) OTH

will use commercially reasonable efforts to provide competitive pricing and timely responses to opportunities submitted by MarineMax.

Levels. OTH will use commercially reasonable efforts to provide initial pricing responses generally within 60 minutes of receiving

a complete submission.

(d) Both

Parties agree to engage in good faith and prioritize transactions between the Parties where commercially reasonable.

NEXTBOAT AI Platform

(a) OTH

will provide MarineMax access to the NEXTBOAT AI Platform via a portal on OTH’s system. [NTD: The NEXTBOAT AI Platform cannot

be on MarineMax’s systems]

(b) MarineMax

will use commercially reasonable efforts to submit trade-ins, potential trade-ins, and pre-owned inventory opportunities through the

NEXTBOAT AI Platform.

platform will be used to facilitate deal tracking, pricing visibility, communication, and reporting.

(d) Core

Functionality. The NEXTBOAT AI Platform will include functionality for real-time bidding by OTH (time-stamped and trackable), a shared

deal board (including deal status, pricing history, and transaction progress), internal communication tools, and automated tracking of

wholesale volume, rebates, and deal flow.

Finance & Insurance Structure

(a) Strategic

Capital Alignment. OTH, along with its affiliate, Autograph Yachts, and any future affiliated companies intends to transition away

from its internal financing platform and, subject to commercially reasonable terms, direct such financing opportunities to MarineMax’s

affiliated platform.

(b)

Insurance

(i) Provider.

MarineMax (including its affiliated insurance platform) will serve as the exclusive provider of marine insurance solutions for transactions

involving OTH, subject at all times to commercially competitive pricing, product availability, and commercially reasonable service standards

consistent with prevailing market conditions.

(ii)

Revenue Split.

Initial:

50% / 50% (OTH / MarineMax), net of any chargebacks.

Renewals:

50% / 50% (net of any chargebacks), subject to adjustment to 20% / 80% (OTH / MarineMax) after MarineMax achieves $75,000,000 in aggregate

annual wholesale volume to OTH, measured on a calendar-year basis, applied prospectively to renewals written after such threshold is

achieved.

(iii) Annual

Incentive. If MarineMax achieves $120,000,000 in annual wholesale volume to OTH in any calendar year (measured on a calendar-year

basis), the following calendar year will begin at a 20% / 80% (OTH / MarineMax) renewal split, net of any chargebacks. If such threshold

is not maintained, the split will revert to 50% / 50%, net of any chargebacks.

(iv) Post-Termination.

Existing policies that are renewed shall continue to be shared at the then existing Revenue Split for a period of three years following

the Termination Date or until such policy is replaced, canceled, or the underlying vessel is sold, whichever is sooner.

(v) Operational

Support. MarineMax will provide commercially reasonable quoting and binding support, including a designated point of contact.

(c)

Financing

(i) Flow

of Business. OTH will direct a commercially reasonable majority of financing opportunities (and in no event less than fifty percent

(50%)) arising from transactions submitted through MarineMax or the NEXTBOAT AI Platform to MarineMax’s affiliated platform, subject

to commercially competitive terms consistent with prevailing market conditions and service. For the avoidance of doubt, this is not an

exclusive financing arrangement, and nothing in this Agreement requires OTH to direct to MarineMax (i) financing on vessels owned or

held in inventory by OTH or its affiliates, including indirect or portfolio lending, or (ii) financing arising from brokerage transactions,

in each case as to which OTH retains full discretion. This flexibility is intended to mirror MarineMax’s discretion regarding wholesale

opportunities under Section 3(a).

(ii)

Revenue Split.

Initial:

50% / 50% (OTH / MarineMax)

Adjustment:

60% / 40% (OTH / MarineMax) after $500,000 in cumulative Financing Income is achieved in a calendar year, applied prospectively for the

remainder of that year

(iii) Annual

Carryforward. If $1,000,000 in Financing Income is achieved in a calendar year, the following calendar year will begin at 60% / 40%

(OTH / MarineMax). If such threshold is not achieved, the split resets to 50% / 50%.

(iv) Definition.

“Financing Income” means lender-paid compensation, reserves, or other backend income paid in connection with financed transactions,

excluding principal loan amounts.

(v) Indemnification.

The Parties agree to share equally in the expense of any losses, damages, or penalties arising from a financed transaction (“Loan”)

up to and including

(1) all

amounts due and owing under the Loan, including all unpaid principal, accrued and unpaid interest, and all other amounts due and payable

pursuant to the Loan, together with any amounts paid in connection with such Loan; and/or

(2) all

losses and expenses incurred by lender as a result of any breach or untruth (whether actual or alleged), or failure to perform, including

attorneys’ fees and costs; sales, use, or other taxes; and expenses with respect to repossessing, storing, repairing, and selling

the financed vessel.

Wholesale Volume Rebates.

Rebates shall be calculated on a tiered, marginal basis based on annual wholesale volume, as set forth in Exhibit A.

(a) Measurement.

“Wholesale Volume” means aggregate purchase price of eligible vessels purchased by OTH from MarineMax during the applicable

calendar year.

(b) Eligible

Transactions. Include (i) MarineMax-sourced trades, (ii) direct purchases sourced by MarineMax, and (iii) opportunities submitted

through the NEXTBOAT AI Platform and accepted by OTH.

Rebates will be calculated quarterly (within 30 days after quarter-end) with a final annual true-up within 60 days after year-end.

Confidentiality and Data Protection

(a) Each

Party agrees to keep confidential all non-public, proprietary, or customer information received from the other Party (“Confidential

Information”).

(b) Confidential Information includes, without limitation:

(i) customer identities and contact information;

(ii) transaction data;

(iii) pricing and financial information; and

(iv) platform data and analytics.

(i) use Confidential Information solely for purposes of this Agreement;

(ii) not

disclose such information to any third party except as required to perform under this Agreement;

(iii) implement reasonable safeguards to protect such information.

(d) Each Party retains ownership of its respective customer relationships and data.

(e) OTH

retains all right, title, and interest in and to the NEXTBOAT AI Platform, including all data, analytics, and outputs generated by such

platform. MarineMax shall not copy, extract, repurpose, or use NEXTBOAT data outside the scope of this Agreement or in a manner intended

to replicate or compete with the platform; provided, however, the term “Confidential Information” shall not include information

or platforms that was or is independently developed by the MarineMax, as established by documentary evidence, without reference to or

use of, in whole or in part, any of OTH’s Confidential Information..

(f) Permitted

Use. MarineMax may use NEXTBOAT solely to evaluate and transact on submitted opportunities during the Term, including any derivative

data or insights derived from such platform, and solely for internal business purposes not intended to directly or indirectly replicate

or compete with the NEXTBOAT AI Platform.

(g) The obligations of this Section shall survive termination for three (3) years.

Non-Solicitation and Non-Circumvention

(a) During

the Term of this Agreement and for a period of twelve (12) months thereafter, neither Party shall, without the prior written consent

of the other Party:

(i) circumvent

the other Party with respect to any transaction submitted through MarineMax or the NEXTBOAT AI Platform, including by completing such

transaction outside the agreed processes or avoiding the agreed revenue-sharing structure; or

(ii) use

Confidential Information derived from such submitted transactions to structure or route transactions in a manner intended to avoid the

economic arrangements contemplated herein.

(b) For

clarity, the restrictions in this Section apply solely to specific transactions and opportunities submitted through MarineMax or the

NEXTBOAT AI Platform and do not restrict either Party from conducting independent business activities, including with customers, except

where such activities arise directly from the use of the other Party’s Confidential Information in connection with such submitted

transactions.

(i) engaging in general marketing or business activities;

(ii) working with customers with whom it has a pre-existing relationship;

(iii) conducting

transactions not derived from submissions through MarineMax or the NEXTBOAT AI Platform.

Marketing and Public Relations.

The Parties may collaborate on joint marketing efforts, press releases, and public announcements, subject to mutual agreement on content

and timing. The Parties intend to coordinate messaging to reflect the strategic nature of the relationship, including positioning OTH

as a preferred partner, the integration of the NEXTBOAT AI Platform, and collaboration on financing and insurance solutions; provided,

however, that neither Party is obligated or compelled to consent to any joint marketing efforts, press releases, or public announcements;

provided further that, notwithstanding the foregoing, the Parties shall cooperate in good faith to publicly issue, promptly following

the Effective Date, a mutually approved public announcement of the strategic relationship contemplated hereunder (the “Initial

Announcement”), which the Parties agree to make and which shall constitute the public announcement referenced in Section 10(b).

Except

as expressly set forth herein, the relationship is non-exclusive.

10.

Equity Consideration – Warrants

(a) Issuance

of Warrants. As additional consideration for entering into this Agreement and for MarineMax’s ongoing commitments hereunder,

OTH’s parent company (the “Issuer”) shall issue to MarineMax warrants (the “Warrants”) to purchase up to

an aggregate of one million two hundred fifty thousand (1,250,000) shares of common stock of the Issuer, subject to the vesting and exercise

price terms set forth below. For reference, the Issuer has approximately twenty-four million (24,000,000) shares of common stock outstanding

as of the Effective Date.

(b) Sign-On

Warrants. Two hundred fifty thousand (250,000) Warrants with an exercise price of $3.25 per share shall vest upon the latter of (i)

execution of this Agreement and (ii) the public issuance of the Initial Announcement (as defined in Section 9).

(c)

Performance Warrants. Additional Warrants shall vest based on annual Wholesale Volume (as defined in Section 6) achieved by

MarineMax in a calendar year, in accordance with the following tiers. Each tier vests independently upon the first calendar

year in which the applicable threshold is achieved, and once vested, such tier shall not vest again in subsequent years.

(i)

$50,000,000 annual Wholesale Volume – 100,000 Warrants at an exercise price of$ 3.75 per share.

(ii)

$75,000,000 annual Wholesale Volume – 200,000 Warrants at an exercise price of$ 4.50 per share.

(iii)

$125,000,000 annual Wholesale Volume – 250,000 Warrants at an exercise price of$ 5.00 per share.

(iv)

$175,000,000 annual Wholesale Volume – 300,000 Warrants at an exercise price of$ 6.00 per share.

(v)

$200,000,000 annual Wholesale Volume – 350,000 Warrants at an exercise price of$ 7.00 per share.

(d)

Cap. The aggregate number of Warrants issuable under this Section 10 shall not exceed 1,250,000, inclusive of the Sign-On Warrants

set forth in Section 10(b) and the Performance Warrants set forth in Section 10(c). The Parties acknowledge that the sum of the Sign-On

Warrants (250,000) and all Performance Warrant tiers (1,200,000) exceeds this cap; accordingly, Warrants shall vest in the chronological

order in which they are earned, and no Warrant shall vest to the extent it would cause the aggregate number of Warrants issued under

this Section 10 to exceed 1,250,000.

(e) Warrant

Agreement. The Warrants shall be evidenced by a separate warrant agreement (the “Warrant Agreement”) to be executed by

the Issuer and MarineMax substantially concurrently with this Agreement, which shall contain customary terms and conditions, including

with respect to exercise mechanics, term, anti-dilution adjustments, cashless exercise, transfer restrictions, and registration rights.

In the event of any conflict between this Section 10 and the Warrant Agreement, the Warrant Agreement shall control with respect to the

Warrants.

(f) Effect

of Termination. Warrants that have vested prior to the effective date of termination of this Agreement shall remain exercisable in

accordance with the terms of the Warrant Agreement. Unvested Performance Warrants shall be forfeited upon termination of this Agreement,

except as otherwise expressly provided in the Warrant Agreement

(g) Issuer

Obligations; Joinder. OTH shall cause the Issuer to issue the Warrants and to execute and deliver the Warrant Agreement in accordance

with this Section 10. The Issuer joins this Agreement solely for purposes of this Section 10 and, by its execution of the joinder signature

block below, represents that it is duly authorized to issue the Warrants and agrees to be bound by, and to perform its obligations under,

this Section 10. Except as expressly set forth in this Section 10, the Issuer shall have no obligations or liabilities under this Agreement,

and nothing herein shall make the Issuer a Party to this Agreement for any other purpose.

11.

Term and Termination

(a) The Term of this Agreement shall be five (5) years from the Effective Date.

(b) Either

Party may terminate this Agreement for any reason upon ninety (90) days’ prior written notice.

Parties agree that nothing in this Agreement shall be construed as a minimum volume commitment by either Party.

(d) Upon termination:

(i) existing transactions shall be completed in the ordinary course;

(ii) earned

but unpaid amounts (including rebates, financing income, and insurance income) shall remain payable;

(iii) insurance renewals shall continue to be shared as set forth herein;

(iv) each

Party shall promptly return or destroy Confidential Information upon request, subject to customary archival copies.

12.

Independent Contractors; No Partnership or Joint Venture.

The Parties are independent contractors, and nothing in this Agreement shall be deemed or construed to create any partnership, joint

venture, agency, or fiduciary relationship between the Parties. Neither Party shall have any authority to bind, act for, or incur any

obligation on behalf of the other Party, and neither Party shall represent to any third party that it has such authority. Each Party

shall be solely responsible for its own operations, employees, liabilities, and obligations.

13.

Miscellaneous

Governing Law and Venue. This Agreement shall be governed by and construed in accordance with the laws of the State of

Florida, without regard to its conflict of laws principles. The Parties agree that any legal action or proceeding arising out of or relating

to this Agreement shall be brought exclusively in the state courts located in Palm Beach County, Florida.

(b)

Dispute Resolution. The Parties shall first attempt in good faith to resolve any disputes arising

under or relating to this Agreement through informal discussions prior to pursuing formal legal remedies.

(c)

Entire Agreement. This Agreement constitutes the entire agreement between the Parties and supersedes

all prior discussions, negotiations, or agreements, whether written or oral, relating to the subject matter hereof.

(d)

Amendments. This Agreement may be amended only by a written document signed by authorized representatives of both Parties.

(e)

Assignment. Neither Party may assign this Agreement without the prior written consent of the other

Party, except in connection with a merger, sale of substantially all assets, or similar transaction.

(f)

Limitation of Liability. Except for breaches of confidentiality or Section 8 (Non-Solicitation

and Non-Circumvention), neither Party shall be liable to the other for any indirect, incidental, consequential, or special damages arising

out of or relating to this Agreement.

(g)

Notices. All notices under this Agreement shall be in writing and deemed given when delivered by a nationally recognized courier

or by email with confirmation of receipt, in each case to the addresses designated by each Party in writing.

(h)

Counterparts. This Agreement may be executed and delivered (including by email transmission) in one

or more counterparts, and by the different parties hereto in separate counterparts, each of which when executed shall be deemed to be

an original but all of which taken together shall constitute one and the same agreement

WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.

MARINEMAX,

INC.

By:

Name:

Kyle

Langbehn

Title:

EVP

& President of Retail Operations

OFF

THE HOOK YACHT SALES NC, LLC

By:

Name:

Jason

Ruegg

Title:

President

JOINDER

OF ISSUER

The

undersigned, being the Issuer referenced in Section 10, executes this Agreement solely for purposes of Section 10 and agrees to be bound

by its terms as provided therein.

NEXTBOAT,

Inc.

By:

Name:

Jason

Ruegg

Title:

President

Exhibit

A – Rebate Structure

Annual

Volume

Rebate

– $25M

$25M

– $50M

1.0%

$50M

– $75M

1.5%

$75M

– $100M

2.0%

$100M+

2.5%

1. Cap:

$15,000 per unit

2. Calculated

on a marginal (tiered) basis

3. Paid

quarterly with annual reconciliation

EX-99.1

Filename: ex99-1.htm · Sequence: 3

Exhibit

99.1

NextBoat

Launches National AI Platform Rollout Through Strategic Partnership with MarineMax, the World’s Largest Recreational Boat and Yacht

Retailer

Agreement

establishes NextBoat as MarineMax’s preferred wholesale and trade-in partner, with pre-owned inventory flowing through the NextBoat

AI platform to its nationwide network of wholesale buyers

Wilmington,

NC – ACCESS Newswire – July 1, 2026 – NextBoat Inc. (NYSE American: NXB) (“NextBoat” or the

“Company”), the AI-powered marine technology company transforming how pre-owned boats are valued, bought, sold and financed,

today announced a landmark strategic partnership with MarineMax, Inc. (NYSE: HZO) (“MarineMax”), the world’s

largest recreational boat and yacht retailer.

Under

the agreement, MarineMax becomes the first enterprise dealer group to adopt the NextBoat AI platform as its preferred wholesale partner,

routing a significant and growing share of the trade-in and pre-owned inventory it liquidates through the platform—where that inventory

is evaluated, marketed, and sold into NextBoat’s nationwide network of wholesale buyers. As one of the highest-volume sellers

of pre-owned boats in the industry — with over $2.3 billion in annual revenue across 120 locations worldwide — MarineMax

is expected to drive increased volume across the NextBoat AI platform, which the Company believes will accelerate the growth of its marketplace,

data, and financing businesses. The Company believes this relationship represents a defining milestone in its strategy to become

the leading technology infrastructure for the marine industry’s pre-owned marketplace.

For

decades, the wholesale and trade-in process has relied on fragmented buyer networks, manual pricing, phone calls and individual relationships.

NextBoat AI was built to modernize that process through artificial intelligence, real-time transaction data and a unified digital marketplace

that enables dealers to move inventory faster, improve pricing transparency, and increase operational efficiency.

The

NextBoat AI Platform delivers:

● AI-powered

vessel valuations supported by real transaction data

● Rapid

wholesale bidding and nationwide buyer access

● Real-time

transaction management and deal tracking

● Automated

workflow and communication tools

● Analytics

designed to improve inventory decisions and speed conversion to cash

● Integrated

financing and marine insurance opportunities

Beyond

improving transaction efficiency, the partnership enables significant long-term revenue opportunities through financing and marine insurance.

Inclusive

of the partnership, NextBoat will leverage Newcoast, MarineMax’s finance and insurance arm, to provide financing and insurance

solutions across transactions originating on the platform. As transaction volume increases, each financed and insured vessel has the

potential to generate recurring insurance renewal revenue and additional financing income, creating what the Company believes could become

a meaningful annuity-like revenue stream for both organizations over time.

“For

15 years, I’ve believed the marine industry deserved the same technology, transparency and scale that transformed automotive

retail. Today, the largest and most respected company in our industry has chosen to deploy the platform we built — we believe

that validation speaks not only to what NextBoat has built, but to where this industry is headed,” said Jason Ruegg, Founder

and Executive Chairman of NextBoat.

Ruegg

added, “This marks the beginning of enterprise-scale deployment of the NextBoat platform. Every transaction creates an opportunity

for financing and insurance that can generate recurring revenue through policy renewals for years to come. As adoption grows, we believe

that recurring revenue stream could become one of the most valuable components of our business.”

“This

partnership brings together two industry leading organizations committed to innovation and improving the trade-in and pre-owned customer

experience,” said Kyle Langbehn, Executive Vice President and President of Retail Operations at MarineMax. “By integrating

NextBoat’s advanced technology into our pre-owned retail platform, we believe we can improve efficiency while continuing to deliver

exceptional service to our customers. Additionally, the partnership with Newcoast will drive meaningful finance and insurance revenue

with the industry’s leading team and products.”

The

Company believes MarineMax’s adoption provides significant third-party validation of the NextBoat AI platform while establishing

the foundation for expansion across additional dealer groups, brokerages and marine industry participants throughout North America. As

additional participants join the network, NextBoat expects to enhance pricing intelligence, improve marketplace liquidity, increase transaction

velocity, and strengthen the value of the platform for all users.

“Our

vision extends well beyond individual transactions,” Ruegg said. “We believe the marine industry is ready for a modern technology

platform that improves efficiency across every stage of the ownership lifecycle. MarineMax becoming our first enterprise partner is an

important milestone toward building that future.”

About

NextBoat Inc.

Founded

in 2012, NextBoat Inc., previously known as Off The Hook YS Inc., is a vertically integrated, AI-powered marine marketplace transforming

how boats are bought, sold, financed, and serviced across the United States. Through proprietary technology, transaction data, financing

capabilities, and a growing national acquisition network, the Company operates across boat brokerage, wholesale inventory acquisition,

auctions, financing, and marine services. NextBoat’s ecosystem includes Off The Hook Yachts, Autograph Yacht Group,

Azure Funding, and proprietary lead-generation platforms. Headquartered in Wilmington, North Carolina, NextBoat is rapidly expanding

its national footprint and market share within the $57 billion U.S. marine industry.

About

MarineMax

the world’s largest recreational boat and yacht retailer, marina operator and superyacht services company, MarineMax (NYSE: HZO)

is United by Water. We have over 120 locations worldwide, including over 70 dealerships and 65 marina and storage facilities. Our integrated

business includes IGY Marinas, which operates luxury marinas in yachting and sport fishing destinations around the world; Fraser Yachts

Group and Northrop & Johnson, leading superyacht brokerage and luxury yacht services companies; Cruisers Yachts, one of the world’s

premier manufacturers of premium sport yachts, motor yachts, and Aviara luxury dayboats; and Intrepid Powerboats, a premier manufacturer

of powerboats. To enhance and simplify the customer experience, we provide financing and insurance services as well as leading digital

technology products that connect boaters to a network of preferred marinas, dealers, and marine professionals through Boatyard and Boatzon.

In addition, we operate MarineMax Vacations in Tortola, British Virgin Islands, which offers our charter vacation guests the luxury boating

adventures of a lifetime. Land comprises 29% of the earth’s surface. We’re focused on the other 71%. Learn more at www.marinemax.com.

Contact

NextBoat

Inc.

Chad

Corbin

Chief

Financial Officer

chadcorbin@nextboat.com

Investor

Relations

ir@nextboat.com

MarineMax,

Inc.

Mike

McLamb

Chief

Financial Officer

727-531-1700

Scott

Solomon

Senior

Vice President

Sharon

Merrill Advisors

(857)

383-2409

HZO@investorrelations.com

Forward-Looking

Statements

This

press release contains forward-looking statements within the meaning of the federal securities laws regarding NextBoat Inc. (“Company”),

including, without limitation, statements regarding the Company’s business strategy, technology platform, market opportunity, planned

operations, and expected results and benefits. You can generally identify forward-looking statements by the use of forward-looking terminology

such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,”

“explore,” “evaluate,” “intend,” “may,” “might,” “plan,” “potential,”

“predict,” “project,” “seek,” “should,” or “will,” or the negative of such

terms thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these identifying

words.

These

forward-looking statements are based on the Company’s current plans, objectives, estimates, expectations, and intentions and inherently

involve significant risks and uncertainties, many of which are beyond our control. Actual results, performance or achievements, including

the timing of events, may differ materially from those expressed or implied by the forward-looking statements as a result of various

risks and uncertainties, including those described under the heading “Risk Factors” in the Company’s filings with the

Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other subsequent

filings with the SEC. Copies of these filings are available on the SEC’s website at www.sec.gov. Investors are cautioned that forward-looking

statements are not guarantees of future performance, and are cautioned not to place undue reliance on any such forward-looking statements.

The forward-looking statements made in this press release are made only as of the date hereof or as of the dates indicated in the forward-looking

statements and reflect the views stated therein with respect to future events at such dates, even if they are subsequently made available

by the Company on its website or otherwise. The Company undertakes no obligation to update, revise or supplement any forward-looking

statements to reflect actual results, new information, future events, changes in its expectations or other circumstances occurring after

the date such statements were made, except as required by applicable law.

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