NextBoat Inc. (OTH) Form 8-K — Jun 26, 2026
NextBoat Inc. and its subsidiary entered into a Master Loan Agreement with RLLT Capital, LLC to obtain financing for the acquisition of pre-owned boat inventory. The lender funded an initial loan of $2.0 million under this facility, which allows for future borrowing at the lender's discretion. Loans under the agreement bear simple interest at 15.0% per annum and mature 180 days after funding, though borrowers may extend the term by 90 days for a 2% premium.
Key figures
- Debt Amount
- 2000000
- Interest Rate
- 15.0%
- Maturity Date
- 180 days
- Origination Fee
- 1%
- Extension Premium
- 2%
- Profit Participation
- 5%
- Pledge Collateral Value
- 5000000
Price after filing
1 day: 0.0%7 days: 0.0%30 days: -7.9%
Close on the filing date to close N calendar days later (from $2.14). Historical, not a forecast.
AI analysis
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