---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-037109"
form_type: "8-K"
ticker: "NTRP"
cik: "0000788611"
company_name: "NextTrip, Inc."
filed_at: "2023-10-13T23:59:59+00:00"
generated_at: "2026-06-10T00:21:04.481634+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sigma Additive to acquire NextTrip for $50M implied EV; sells QA assets to Divergent

## Summary
- Sigma issues 19.99% of outstanding shares upfront; total contingent shares up to 6M (90.2% pro forma ownership).
- NextTrip implied enterprise value of ~$50M per financial advisor analysis.
- NextTrip CEO William Kerby to become CEO of combined company; Sigma to rename to NextTrip, Inc.
- Sigma also signed definitive agreement to sell in-process quality assurance assets to Divergent Technologies.
- Closing expected Q4 2023, subject to shareholder and regulatory approvals.

## SEC filing metadata
- accession: 0001493152-23-037109
- form_type: 8-K
- ticker: NTRP
- cik: 0000788611
- company_name: NextTrip, Inc.
- filed_at: 2023-10-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788611/000149315223037109/0001493152-23-037109-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788611/000149315223037109/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-037109
- JSON: https://secwatch.observer/filing/0001493152-23-037109.json
- Plain text: https://secwatch.observer/filing/0001493152-23-037109.txt

## Key facts
- Material Agreements
  NextTrip, Inc. entered into Share Exchange Agreement with NextTrip Holdings, Inc., NextTrip Group, LLC (effective 2023-10-12).
  - Action: entry
  - Agreement: merger
  - Counterparty: NextTrip Holdings, Inc., NextTrip Group, LLC
  - Effective: 2023-10-12
  source text: On October 12, 2023, Sigma Additive Solutions, Inc. ("we," "us," "our," "Sigma" or the "company") entered into a Share Exchange Agreement with NextTrip Holdings, Inc., or NextTrip, and NextTrip Group, LLC, the sole stockholder of NextTrip, which we refer to as NextTrip Parent, and the NextTrip Representative, pursuant to which we will acquire NextTrip (the "Acquisition") in exchange for shares of our common stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/788611/000149315223037109/0001493152-23-037109-index.htm

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