OFF THE HOOK YS INC.
Filed Jul 7, 2025.
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A company's registration of shares for sale to the public, often for a first offering. It describes the business, its risks and how the company plans to use the money.
period unavailable · Filed Jul 7, 2025
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S-11 forms-1.htm S-1
As** filed with the U.S. Securities and Exchange Commission on July 7, 2025**
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-1
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
OFF THE HOOK YS INC.
(Exact name of registrant as specified in its charter)
| Nevada | 3730 | 33-2636992 |
|---|---|---|
| (State or other jurisdiction of incorporation or organization) | (Primary Standard Industrial Classification Code Number) | (I.R.S. Employer Identification No.) |
**1701 Jel Wade Dr,
Wilmington,
NC 28401
Tel: (910) 772-9277
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)
Brian S John
Chief Executive Officer
Off the Hook YS Inc.
**1701 Jel Wade Dr,
Wilmington,
NC 28401
Tel: (910) 772-9277
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Copies to:
| Joseph M. Lucosky, Esq. Soyoung Lee, Esq. Lucosky Brookman LLP 101 Wood Avenue South, 5th Floor Woodbridge, NJ 08830 Telephone: (732) 395-4402 | Gregory Sichenzia, Esq. Arthur S.Marcus, Esq. Sichenzia Ross Ference Carmel LLP 1185 Avenue of the Americas, 31st Floor New York, New York 10036 Telephone: (212) 930-9700 |
|---|
Approximate date of commencement of proposed sale to the public:
As soon as practicable after this Registration Statement is declared effective.
If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. ☒
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐
If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐
If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | ☐ | Accelerated filer | ☐ |
|---|---|---|---|
| Non-accelerated filer | ☒ | Smaller reporting company | ☒ |
| Emerging growth company | ☒ | ||
If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided to Section 7(a)(2)(B) of the Securities Act. ☐
The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the Registration Statement shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine.
The information in this preliminary prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This preliminary prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.
| PRELIMINARY PROSPECTUS | SUBJECT TO COMPLETION | DATED JULY 7, 2025 |
|---|
Shares
Common Stock
Off The Hook YS Inc.
This is a firm commitment initial public offering of shares of common stock, par value $0.001 of Off The Hook YS Inc., a Nevada corporation. We currently estimate that the public offering price of our shares will be between $ and $ per share.
Prior to our initial public offering, there has been no public market for our common stock. We have applied to list our common stock on New York Stock Exchange American Exchange (“NYSE American”) under the symbol “ ”.
We are an “emerging growth company” under the federal securities laws and, as such, we have elected to comply with certain reduced public company reporting requirements for this prospectus and future filings. See “Prospectus Summary - Implications of Being an Emerging Growth Company and a Smaller Reporting Company.”
After the completion of this offering, Mr. Jason Ruegg, our founder, President and Chairman of the Board, will beneficially own % of our total issued and outstanding shares of common stock and total voting power, assuming the option to purchase additional shares of common stock is not exercised by the underwriter. As a result, we will be a “controlled company” as defined under the NYSE American Rules. As a “controlled company,” we are permitted to elect not to comply with certain corporate governance requirements. See “Risk Factors —We are a “controlled company” within the meaning of the NYSE American Rules and, as a result, will rely on exemptions from certain corporate governance requirements that provide protection to shareholders of other companies.”
Investing in our common stock involves a high degree of risk. Before buying any common stock, you should carefully read the discussion of the material risks of investing in our common stock under the heading “Risk Factors” beginning on page 13 of this prospectus.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed on the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense.
| Per Share | Total | ||
| Initial public offering price | $ | $ | |
|---|---|---|---|
| Underwriting discounts and commissions(1) | $ | $ | |
| Proceeds to us, before expenses | $ | $ |
| (1) | Underwriting discounts and commissions do not include (i) a non-accountable expense allowance equal to 1.0% of the initial public offering price payable to the underwriters, and (ii) warrants to purchase up to a total 5% of the shares of common stock sold in the offering to be issued to the underwriter upon closing, which will be exercisable during the four and one-half year period commencing 180 days from the commencement of sales of the securities in the offering, at a price per share equal to 125% of the public offering price per share of common stock at the offering. We refer you to “Underwriting” beginning on page 99 for additional information regarding underwriters’ compensation. |
We have granted a 45-day option to the underwriter to purchase up to an additional shares of common stock to cover over-allotments, if any.
Delivery of the common stock is expected to be made on or about , 2025.
ThinkEquity
The date of this prospectus is , 2025
TABLE OF CONTENTS
| Page | |
|---|---|
| PROSPECTUS SUMMARY | 1 |
| THE OFFERING | 11 |
| RISK FACTORS | 13 |
| SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS | 33 |
| INDUSTRY AND OTHER DATA | 35 |
| USE OF PROCEEDS | 35 |
| DIVIDEND POLICY | 36 |
| CAPITALIZATION | 36 |
| DILUTION | 38 |
| MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS | 39 |
| BUSINESS | 54 |
| MANAGEMENT | 71 |
| EXECUTIVE AND DIRECTOR COMPENSATION | 79 |
| CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS | 86 |
| PRINCIPAL STOCKHOLDERS | 87 |
| DESCRIPTION OF CAPITAL STOCK | 88 |
| SHARES ELIGIBLE FOR FUTURE SALE | 92 |
| MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES TO NON-U.S. HOLDERS OF OUR COMMON STOCK | 94 |
| UNDERWRITING | 99 |
| LEGAL MATTERS | 107 |
| EXPERTS | 107 |
| WHERE YOU CAN FIND MORE INFORMATION | 107 |
| INDEX TO FINANCIAL STATEMENTS | F-1 |
Neither we nor the underwriter have authorized anyone to provide any information or to make any representations other than those contained in this prospectus or in any free writing prospectus prepared by or on behalf of us or to which we have referred you. We take no responsibility for and can provide no assurance as to the reliability of any other information that others may give you. This prospectus is an offer to sell only the shares of common stock offered hereby, but only under circumstances and in jurisdictions where it is lawful to do so. The information contained in this prospectus or in any applicable free writing prospectus is current only as of its date, regardless of its time of delivery or any sale of our common stock. Our business, financial condition, results of operations and prospects may have changed since that date.
For investors outside the United States: Neither we nor the underwriter have done anything that would permit this offering or possession or distribution of this prospectus in any jurisdiction where action for that purpose is required, other than in the United States. Persons outside the United States who come into possession of this prospectus must inform themselves about, and observe any restrictions relating to, the offering of the shares of common stock and the distribution of this prospectus outside the United States.
This prospectus contains forward-looking statements that are subject to a number of risks and uncertainties, many of which are beyond our control. See “Risk Factors” and “Special Note Regarding Forward-Looking Statements.”
i
ABOUT THIS PROSPECTUS
Except where the context otherwise requires or where otherwise indicated throughout this registration statement, the terms “Off the Hook YS Inc.,” “Off the Hook,” “OTHYS,” “we,” “us,” our,” “our company,” “Company” and “our business” refer to Off The Hook YS Inc. Please see “Corporate Structure and Background” in the “Prospectus Summary” and “Business” sections relating to our reorganization in connection with our initial public offering.
ii
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.