# NextBoat Inc. (OTH) — capital_raise [announced]
Source: sec.gov · situation sit_e611feeb1e6359b20d81 · public 3784441760417172268 · retrieved 2026-08-19T11:58:23.633Z

## Overview
NextBoat Inc. is a ship and boat building and repairing company incorporated in Nevada and trading on NYSE American under ticker NXB.

On August 14, 2026, NextBoat Inc. entered into a Loan Agreement with Greentree Financial Group, Inc., whereby Greentree loaned NextBoat $510,000 in principal, evidenced by a 10% convertible promissory note with a 10% original issuance discount (net proceeds ~$459,000 after a $10,000 legal fee allowance). The note matures on August 14, 2028, bears interest at 10% per annum (payable quarterly beginning October 10, 2026), and increases to 18% upon default. The note is convertible at Greentree's option into common stock at $1.785 per share, subject to semi-annual resets to the closing bid price if lower, with a 4.99% beneficial ownership limitation (waivable to 9.99% with 61 days' notice). Concurrently, NextBoat issued Greentree a warrant to purchase 100,000 shares at $1.785 per share, exercisable for three years with cashless exercise rights and down-round anti-dilution protection, also subject to a 4.99% beneficial ownership cap (hard cap 9.99%). Additionally, NextBoat agreed to issue 20,000 restricted common shares to Greentree as commitment shares within five business days.

## Terms
- Counterparty: Greentree Financial Group, Inc. · Deal value: $510,000 · Consideration: mixed · Price/share: $1.785

## Key dates
- Announced 2026-08-18

## Timeline
- 2026-08-18 · 8-K (0001493152-26-039033): 8-K - NextBoat Inc. — *NextBoat Inc. is a ship and boat building and repairing company incorporated in Nevada and trading on NYSE American under ticker NXB.* On August 14, 2026, NextBoat Inc. entered into a Loan Agreement with Greentree Financial Group, Inc., whereby Greentree loaned NextBoat $510,000 in principal, evidenced by a 10% convertible promissory note with a 10% original issuance discount (net proceeds ~$459,000 after a $10,000 legal fee allowance). The note matures on August 14, 2028, bears interest at 10% per annum (payable quarterly beginning October 10, 2026), and increases to 18% upon default. The note is convertible at Greentree's option into common stock at $1.785 per share, subject to semi-annual resets to the closing bid price if lower, with a 4.99% beneficial ownership limitation (waivable to 9.99% with 61 days' notice). Concurrently, NextBoat issued Greentree a warrant to purchase 100,000 shares at $1.785 per share, exercisable for three years with cashless exercise rights and down-round anti-dilution protection, also subject to a 4.99% beneficial ownership cap (hard cap 9.99%). Additionally, NextBoat agreed to issue 20,000 restricted common shares to Greentree as commitment shares within five business days.
  https://www.sec.gov/Archives/edgar/data/2067767/0001493152-26-039033.txt

## Citations
- 0001493152-26-039033 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226039033