NextBoat Inc. (NXB): Form 8-K filed 2026-11-13
- Accepted by EDGAR
- 2026-11-13 17:00 ET
- Event date
- 2026-11-04
- Accession no.
- 0001493152-26-051809
- Original filing
- SEC EDGAR filing index
AI summary of the filing text. It can contain mistakes; the original filing is authoritative.
NextBoat discloses guaranteed, related-party lease for 22 Cape Fear Marina boat slips
NextBoat's wholly owned subsidiary entered into a seven-year triple-net lease for 22 boat slips at Cape Fear Marina, with NextBoat guaranteeing its obligations. Initial base rent is $8,950 per month, increasing by 3% annually. The landlord is controlled by director Zebulon Z. Hadley IV, and both Hadley and Chairman Jason Ruegg have financial interests in the lease.
- The seven-year lease began November 4, 2026, covers 22 boat slips and has no renewal option.
- Initial base rent is $8,950 per month ($107,400 per year), increasing by 3% annually.
- Aggregate base rent is approximately $822,948, exclusive of triple-net charges; NextBoat guaranteed the subsidiary's obligations.
- The Board ratified the Lease and Guaranty on November 12, 2026, after execution on November 4, 2026.
material agreementgovernance
Items reported
- Item 1.01: Entry into a Material Definitive Agreement
The company signed a material agreement outside the ordinary course of business, or materially amended one. Typical examples are credit agreements, merger agreements, large supply or licensing contracts and financing arrangements. - Item 2.03: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The company became obligated under a material direct financial obligation, such as a loan, notes offering or credit facility draw, or under a material off-balance sheet arrangement. - Item 9.01: Financial Statements and Exhibits
Lists the financial statements, pro forma information and exhibits filed with the report. It almost always accompanies another Item and is rarely news on its own.
Documents
| Type | Description | Document |
|---|---|---|
| 8-K | 8-K | form8-k.htm |
| EX-10.1 | EX-10.1 | ex10-1.htm |
The summary above was generated by AI from the filing text and checked automatically against it. Read the original documents on SEC EDGAR. How to read an 8-K.