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Off The Hook Yachts Surges to $68M Public Company

1/28/2026

27 5 Full Breakdown

Summary

Story summary

Off The Hook Yachts (OTHY), led by Jason Ruegg, founder, became a $68 million public company and rang the NYSE closing bell after an IPO.
OTHY purchases $100 million of used boats annually and doubled purchasing power since the IPO.
Jason Ruegg started business at age 23 and secured a $12 million credit line after setbacks.
Company aims to reach 1,000 employees by 2027 and hold 20,000 units in inventory.

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Story summary

Off The Hook Yachts (OTHY), led by Jason Ruegg, founder, became a $68 million public company and rang the NYSE closing bell after an IPO.
OTHY purchases $100 million of used boats annually and doubled purchasing power since the IPO.
Jason Ruegg started business at age 23 and secured a $12 million credit line after setbacks.
Company aims to reach 1,000 employees by 2027 and hold 20,000 units in inventory.