Off The Hook YS Inc. is establishing a new headquarters for Autograph Yacht Group in Jupiter, Florida, scheduled for completion in 2026.
Quiver AI Summary
Off The Hook YS Inc. has announced the establishment of a new office in Jupiter, Florida, which will serve as the headquarters for its luxury brokerage division, Autograph Yacht Group (AYG), led by Mike Burke. This new location will support the company's executive team in Florida and enhance its presence in a key yachting market. The facility will feature office space and six on-site boat slips for easier inventory access, with the build-out expected to be completed by early 2026. Off The Hook Yachts, founded in 2012, is a leading buyer and seller of pre-owned boats in the U.S., utilizing AI technology to streamline yacht transactions across its extensive network.
Potential Positives
- Off The Hook YS Inc. has confirmed a new headquarters for its luxury brokerage division, Autograph Yacht Group, enhancing its presence in a key yachting market.
- The new Jupiter, Florida location will include office space and six on-site boat slips, facilitating streamlined inventory access and storage.
- The build-out is expected to be completed and ready for occupancy by early 2026, demonstrating the company's commitment to growth and investment in strategic locations.
Potential Negatives
- The announcement of a new office location and build-out may imply significant costs and resource allocation, potentially affecting the company's financial stability and operational focus.
- The reliance on "forward-looking statements" indicates uncertainty about future performance and growth, which could raise concerns among investors regarding the company’s long-term strategy and viability.
- The mention of risks and uncertainties associated with forward-looking statements may lead to skepticism among stakeholders about the company's projected success in a competitive market.
FAQ
What is the new office location for Off The Hook YS Inc.?
The new office location for Off The Hook YS Inc. is in Jupiter, Florida.
What is the purpose of the Jupiter office?
The Jupiter office will serve as the headquarters for Autograph Yacht Group, a luxury brokerage division.
Who is leading the Autograph Yacht Group?
The Autograph Yacht Group is led by industry veteran Mike Burke.
How many boat slips will the new location have?
The new location will include six on-site boat slips for inventory access and storage.
When is the expected completion date for the build-out?
The build-out of the location is expected to be completed and ready for move-in in early 2026.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$OTH Insider Trading Activity
$OTH insiders have traded $OTH stock on the open market 5 times in the past 6 months. Of those trades, 5 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $OTH stock by insiders over the last 6 months:
- ROBERT ROSARIO GONNELLI has made 2 purchases buying 135,000 shares for an estimated $534,000 and 0 sales.
- BRIAN JOHN (CEO and Director) has made 2 purchases buying 35,000 shares for an estimated $131,380 and 0 sales.
- ANDREW JAMES SIMMONS (Vice President and Director) purchased 15,873 shares for an estimated $50,612
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
Full Release
Wilmington, NC, Nov. 25, 2025 (GLOBE NEWSWIRE) -- Off The Hook YS Inc. (NYSE American: OTH) has confirmed the development of a new office location in Jupiter, Florida. The facility will serve as the headquarters for Autograph Yacht Group (AYG), a recently established luxury brokerage division led by industry veteran Mike Burke. In addition to housing members of Off The Hook’s C-level leadership team based in Florida, the site will strengthen the company’s footprint in one of the nation's most active yachting markets.
The Jupiter site includes office space and six on-site boat slips, allowing for streamlined inventory access and storage. The build-out is currently in progress.
“We expect the build-out of this location to be completed and move-in ready in the beginning of 2026. The location will also have six boat slips for some of our best inventory,” stated Brian S. John, CEO of Off The Hook YS Inc.
About Off The Hook Yachts
Founded in 2012 by Jason Ruegg, Off The Hook Yachts has become one of America’s largest buyers and sellers of pre-owned boats. Headquartered in Wilmington, North Carolina, with operations throughout the East Coast and South Florida, the company acquires more than $100 million in boats and yachts annually. Off The Hook leverages AI-assisted valuation tools and a data-driven sales platform to bring speed and transparency to yacht transactions, supported by a nationwide network of offices and marinas offering brokerage, wholesale, and performance yacht sales.
Media Contact
Abigail Lafferty
[email protected]
(561) 374-0513
Forward-Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” "will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Off The Hook YS Inc.’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the public offering filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Off The Hook YS Inc. undertakes no duty to update such information except as required under applicable law.
