---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-037110"
form_type: "8-K"
ticker: "NTRP"
cik: "0000788611"
company_name: "NextTrip, Inc."
filed_at: "2023-10-13T23:59:59+00:00"
generated_at: "2026-06-10T00:21:50.867172+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Sigma Additive to acquire NextTrip in reverse merger; sells IP assets to Divergent for $1.6M

## Summary
- Sigma will issue 19.99% of its common stock at closing plus up to 6M total shares for NextTrip, implying ~$50M enterprise value.
- NextTrip CEO William Kerby to become CEO of combined company; name change to NextTrip, Inc. and new Nasdaq ticker planned.
- Sigma sells in-process quality assurance assets (patents, software) to Divergent Technologies for $1,626,242 cash.
- Both transactions expected to close in Q4 2023, subject to regulatory and shareholder approvals.
- Existing Sigma shareholders would retain 9.8% pro forma ownership if all milestones achieved.

## SEC filing metadata
- accession: 0001493152-23-037110
- 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: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788611/000149315223037110/0001493152-23-037110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788611/000149315223037110/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-037110
- JSON: https://secwatch.observer/filing/0001493152-23-037110.json
- Plain text: https://secwatch.observer/filing/0001493152-23-037110.txt

## Key facts
- Material Agreements
  NextTrip, Inc. entered into Asset Purchase Agreement with Divergent Technologies, Inc. valued at $1,626,242 (effective 2023-10-06).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Divergent Technologies, Inc.
  - Value: $1,626,242
  - Effective: 2023-10-06
  source text: On October 6, 2023, Sigma Additive Solutions, Inc. (“we,” “us,” “our,” “Sigma” or the “company”) entered into an Asset Purchase Agreement with Divergent Technologies, Inc., or Divergent, pursuant to which have agreed to sell to Divergent, and Divergent has agreed to purchase from us, certain assets consisting primarily of patents, software code and other intellectual property for a purchase price of $1,626,242, including a $37,000 earnest-money deposit previously paid to us by Divergent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/788611/000149315223037110/0001493152-23-037110-index.htm

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