Lucosky Brookman LLP Serves as Counsel to Off The Hook YS Inc. in Its $15 Million Initial Public Offering on the NYSE American
Off The Hook YS Inc. (NYSE American: OTH), a premier yacht and boat wholesaler specializing in the buying and selling of yachts and boats, announced the successful closing of its initial public offering of 3,750,000 shares of common stock at a public offering price of $4.00 per share, generating gross proceeds of approximately $15,000,000 before deducting underwriting discounts and offering expenses.
In connection with the offering, Off The Hook granted the underwriters a 45-day option to purchase up to an additional 562,500 shares of common stock at the initial public offering price, less underwriting discounts, to cover over-allotments. The Company intends to use the proceeds to service its floorplan, advertise and market its inventory, and for general working capital purposes.
Lucosky Brookman LLP served as counsel to Off The Hook. ThinkEquity acted as the sole book-running manager for the offering.
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