Sigma Additive cash ~$434k, halts product dev, cuts staff to 5 after failed strategic process

NextTrip, Inc.

General Manager of European Operations Stephan Kuehr terminated on July 14, 2023.
Cash on hand ~$434,500; management expects sufficient only through August 2023.
Headcount reduced to 5 employees; all product development halted; no new customers.
Four non-binding proposals received for asset sale or merger but no definitive agreement.
No bridge financing available; company may face dissolution, liquidation, or bankruptcy.

item 5.02 item 8.01 item 9.01

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Departed

Stephan Kuehr

General Manager of European Operations

NTRP · NextTrip, Inc.

Effective: 2023-07-14
Filed: July 20, 2023, 7:59 PM ET

On July 14, 2023, the employment of Stephan Kuehr, General Manager of European Operations of Sigma Additive Solutions, Inc. (“we,” “us,” “Sigma” or the “company”) terminated.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Stephan Kuehr was terminated as General Manager of European Operations at NextTrip, Inc..

Action: terminated
Role: General Manager of European Operations

Exact text from the filing

On July 14, 2023, the employment of Stephan Kuehr, General Manager of European Operations of Sigma Additive Solutions, Inc. (“we,” “us,” “Sigma” or the “company”) terminated.

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NextTrip, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-025088

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