On April 2, 2026, Off The Hook YS Inc. (NYSE American: OTH) announced a significant strategic move by entering into a definitive agreement to acquire Bellhart Marine Group, LLC, along with its affiliated entities. This acquisition is poised to create the Carolinas' premier mega service and refit platform, marking a transformative step for Off The Hook Yachts. The deal is expected to enhance the company's service capabilities, allowing it to build a high-efficiency reconditioning and service engine that can rapidly intake, service, refit, and remarket vessels at scale. By integrating Bellhart's operations, Off The Hook aims to significantly accelerate inventory reconditioning timelines, improve gross margins through lower service costs, and increase control over quality and execution. The acquisition will establish a three-location mega service network across strategic facilities, including a full-service shipyard capable of handling major refits and large-yacht service projects. This strategic expansion is expected to provide Off The Hook with a unique competitive advantage, allowing for lower refit and service costs compared to South Florida, and facilitating efficient movement of inventory between Florida and the Northeast boating markets. The transaction is subject to customary closing conditions and is expected to close within a standard timeline. This acquisition aligns with Off The Hook's long-term strategy of building a scalable, infrastructure-backed platform, positioning the company for increased transaction volume and enhanced long-term profitability.

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