• NextBoat entered a loan agreement with Greentree Financial Group on Aug. 14, 2026 for USD 510,000.
• 10% Convertible Promissory Note carries a 10% original issuance discount; net proceeds about USD 459,000 before a USD 10,000 legal fee allowance.
• Note matures Aug. 14, 2028; 10% interest paid quarterly starting Oct. 10, 2026; default rate rises to 18%.
• Lender can convert at USD 1.79 per share, with periodic reset to a lower bid price; beneficial ownership cap starts at 4.99%.
• Greentree also received a warrant for 100,000 shares at USD 1.79, down-round protected, plus 20,000 restricted commitment shares.

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: 0001493152-26-039033), on August 18, 2026, and is solely responsible for the information contained therein.