Off The Hook YS boost inventory financing floorplan to $60M
Yahoo Finance·2026-01-21 13:44
Core Viewpoint - Off The Hook YS (OTH) has significantly increased its inventory financing capacity to $60 million, more than doubling its previous floorplan financing of $25 million prior to its IPO, which enhances its ability to meet customer demand and support growth strategies for 2026 [1]. Group 1 - The expanded inventory financing capacity is now $60 million, up from $25 million [1]. - This increase in financing is aimed at acquiring and carrying more high-quality used boat inventory [1]. - The move is in response to accelerating customer demand and is part of the company's growth strategy for 2026 [1].