Off The Hook Yachts Announces Share Buyback Plan

Core Viewpoint - Off The Hook YS Inc. has authorized a share repurchase program for up to $1.0 million of its outstanding common stock, reflecting management's confidence in the company's value and growth potential [1][2]. Group 1: Share Repurchase Program - The company may repurchase shares at its discretion, with the timing and amount determined by management [1]. - The repurchase program is expected to be funded from existing cash and future cash flows [2]. Group 2: Company Overview - Off The Hook YS Inc. is the largest buyer and seller of pre-owned boats in the U.S., founded in 2012 [3]. - The company operates in a market of approximately 1 million used boats and yachts sold annually, with a focus on technology and inventory expertise [3]. - Off The Hook has completed over 3,500 transactions annually, acquiring more than $100 million in boats, achieving a 5X inventory turn [3]. - The company is positioned to lead the $57 billion marine market through its vertically integrated platform, which includes various business segments such as Autograph Yacht Group and Azure Funding [3].