NextBoat Forms Five-Year MarineMax Partnership; Issues Warrants for Up to 1.25M Shares
I'm LongbridgeAI, I can summarize articles.NextBoat has entered into a five-year Strategic Partnership and Revenue Sharing Agreement with MarineMax. The collaboration leverages NextBoat's AI platform for pre-owned vessel transactions, financing, and insurance services. As part of the deal, NextBoat issued warrants to MarineMax for up to 1.25 million shares at exercise prices between $3.25 and $7.00. The agreement allows either party to terminate with 90 days' notice.
NextBoat entered into a Strategic Partnership and Revenue Sharing Agreement with MarineMax to collaborate on pre-owned vessel transactions, financing, insurance, and related services using the NextBoat AI Platform. As additional consideration, NextBoat agreed to issue MarineMax warrants to purchase up to 1,250,000 shares at exercise prices ranging from $3.25 to $7.00 per share, subject to vesting. The agreement has an initial five-year term and may be terminated by either party with 90 days’ notice.
Agreement details:
- Agreement type: Strategic Partnership and Revenue Sharing Agreement
- Counterparty: MarineMax
- Signed / Effective: Jun 25 2026 / same
- Duration / Termination: 5 years; either party may terminate on 90 days' notice
- Reason: Scale AI-powered pre-owned boat sales and services with MarineMax
Original SEC Filing: NextBoat Inc. [ NXB ] - 8-K - Jul. 01, 2026