---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-012152"
form_type: "8-K"
ticker: "NTRP"
cik: "0000788611"
company_name: "NextTrip, Inc."
filed_at: "2023-04-13T23:59:59+00:00"
generated_at: "2026-06-17T02:50:50.416003+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Nasdaq grants Sigma Additive Solutions additional 180 days to meet $1 bid price, now until Oct 9, 2023

## Summary
- Company failed to regain compliance by original April 12, 2023 deadline for minimum $1 bid price.
- Nasdaq granted second 180-day period ending Oct 9, 2023, after meeting other listing requirements.
- To cure, bid price must close at $1 or more for 10 consecutive business days during extension.
- If needed, reverse stock split must be completed by Sept 25, 2023 (10 business days before deadline).
- Failure to comply may result in delisting from Nasdaq.

## SEC filing metadata
- accession: 0001493152-23-012152
- form_type: 8-K
- ticker: NTRP
- cik: 0000788611
- company_name: NextTrip, Inc.
- filed_at: 2023-04-13T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788611/000149315223012152/0001493152-23-012152-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788611/000149315223012152/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-012152
- JSON: https://secwatch.observer/filing/0001493152-23-012152.json
- Plain text: https://secwatch.observer/filing/0001493152-23-012152.txt

## Key facts
- Listing & Compliance Notices
  NextTrip, Inc. received a nasdaq extension granted notice regarding minimum bid price (rules IM-5101-1).
  - Exchange: nasdaq
  - Notice: extension granted
  - Deficiency: minimum bid price
  - Rules: IM-5101-1
  source text: April 13, 2023, Nasdaq notified us that the Nasdaq Staff has granted us an additional 180 calendar day period, or until October 9, 2023, to regain compliance based on our meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on The Nasdaq Capital Market with the exception of the bid price requirement, and our written notice of our intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. According to Nasdaq’s notice, if at any time during this addi
  evidence_url: https://www.sec.gov/Archives/edgar/data/788611/000149315223012152/0001493152-23-012152-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.