Boat and boat-parts manufacturer; borrower under the 12Five Capital inventory financing (~$3,770,400 advanced by Sept 2023; purchase orders and a first-priority security interest assigned to 12Five). Per the Michigan complaint, IMG Marine LLC and Steven Ivankovich allegedly converted the Aquaform collateral, dispersing boats and parts to Florida and Dubai. Aquaform vessels and assets appear in the enforcement custodian agreements alongside the IMG fleet.