---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-040474"
form_type: "8-K"
ticker: "NTRP"
cik: "0000788611"
company_name: "NextTrip, Inc."
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T05:54:31.231912+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Sigma Additive Solutions to acquire NextTrip, sell QA assets to Divergent; Q3 net loss $0.9M

## Summary
- Q3 2023 revenue $141,988 down from $188,245 YoY; gross loss $(34,128); net loss $0.9M ($1.57/share).
- Definitive agreement to acquire NextTrip Holdings for 19.99% of Sigma common plus contingent earnout shares.
- Signed asset purchase agreement to sell in-process QA technology suite to Divergent Technologies.
- Both transactions expected to close in Q4 2023; company to rename NextTrip, Inc., new Nasdaq symbol.
- Cash $0.6M at Sept 30; monthly cash burn averaged $59K in Q3, down from $373K in Q2 2023.

## SEC filing metadata
- accession: 0001493152-23-040474
- form_type: 8-K
- ticker: NTRP
- cik: 0000788611
- company_name: NextTrip, Inc.
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788611/000149315223040474/0001493152-23-040474-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788611/000149315223040474/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-040474
- JSON: https://secwatch.observer/filing/0001493152-23-040474.json
- Plain text: https://secwatch.observer/filing/0001493152-23-040474.txt

## Key facts
- Earnings Releases
  NextTrip, Inc. reported the quarter ended September 30, 2023 results: revenue $141,988, net income $0.9 million, EPS ($1.57) per share.
  - Period: the quarter ended September 30, 2023
  - Revenue: $141,988
  - Net income: $0.9 million
  - EPS: ($1.57) per share
  - Result: reported results
  source text: Revenue for the third quarter of 2023 totaled $141,988 compared to revenues of $188,245 for the third quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/788611/000149315223040474/0001493152-23-040474-index.htm

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