Nextboat enters master loan agreement with RLLT Capital, draws initial USD 2 million loan
I'm LongbridgeAI, I can summarize articles.Nextboat Inc. entered a master loan agreement with RLLT Capital on June 22, 2026, securing an initial USD 2 million loan to finance pre-owned boat inventory. The facility carries a 15% annual simple interest rate, an 180-day maturity or upon sale of the asset, a 1% origination fee, and grants the lender 5% of gross profit from financed sales. President Jason Ruegg provided a personal guaranty, while an affiliate pledged shares valued at least at USD 5 million as collateral.
- Nextboat entered a master loan agreement with RLLT Capital on June 22, 2026 to finance purchases of pre-owned boat inventory. * RLLT funded an initial USD 2 million loan; additional loans may be made at the lender’s discretion. * Borrowings carry 15% annual simple interest; maturity is the earlier of 180 days or sale of the financed boat. * Loans include a 1% origination fee; lender also receives 5% of gross profit on any sale tied to a financed boat. * President Jason Ruegg provided a personal guaranty; an affiliate pledged company shares with collateral value of at least USD 5 million. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nextboat Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-030328), on June 26, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here