NextBoat Inc. - 8-K Filing
NextBoat Inc. entered into a Master Loan Agreement on June 22, 2026, securing an initial $2.0 million loan from RLLT Capital, LLC to finance part of its pre-owned boat inventory acquisitions. The loans carry simple interest at 15% annually and mature within 180 days or upon the sale of a financed boat, with optional extensions for an additional fee. Jason Ruegg, the company's President and controlling shareholder, personally guaranteed the loan obligations. (Items: 1.01 Entry into a Material Definitive Agreement, 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, 9.01 Financial Statements and Exhibits)
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