---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-000196"
form_type: "8-K"
ticker: "NTRP"
cik: "0000788611"
company_name: "NextTrip, Inc."
filed_at: "2024-01-03T23:59:59+00:00"
generated_at: "2026-06-07T04:57:10.993263+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 completes reverse acquisition of NextTrip; new CEO and chairman; shifts to travel tech

## Summary
- Acquired NextTrip Holdings on Dec 29, 2023; NextTrip becomes wholly-owned subsidiary.
- Issued 156,007 shares (19.99% pre-close) to NextTrip sellers; up to 6M contingent shares on milestones.
- CEO Jacob Brunsberg resigned; NextTrip CEO William Kerby appointed. Chairman Mark Ruport resigned; Donald Monaco appointed.
- Fiscal year changed to Feb 28; plans to change ticker to 'NTRP' and rename to NextTrip, Inc.
- NextTrip's platform had over 6M customer database, $400M+ bookings in 2019; beta launch showed >75% revenue growth.

## SEC filing metadata
- accession: 0001493152-24-000196
- form_type: 8-K
- ticker: NTRP
- cik: 0000788611
- company_name: NextTrip, Inc.
- filed_at: 2024-01-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 5.02, 2.01, 3.02, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788611/000149315224000196/0001493152-24-000196-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788611/000149315224000196/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-000196
- JSON: https://secwatch.observer/filing/0001493152-24-000196.json
- Plain text: https://secwatch.observer/filing/0001493152-24-000196.txt

## Key facts
- Executive change
  Mark Ruport resigned as Chairman of the Board at NextTrip, Inc..
  - Action: resigned
  - Role: Chairman of the Board
  source text: Mark Ruport, the Chairman of the Board of Sigma, resigned as Chairman and as a director, and Donald P. Monaco was appointed by our Board of Directors as a director and Chairman of the Board to fill the vacancy created by Mr. Ruport’s resignation.
  evidence_url: https://www.sec.gov/Archives/edgar/data/788611/000149315224000196/0001493152-24-000196-index.htm
- Executive change
  William Kerby was appointed as Chief Executive Officer at NextTrip, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: Jacob Brunsberg resigned as our President and Chief Executive Officer and William Kerby, Chief Executive Officer of NextTrip, was appointed by our Board of Directors as Chief Executive Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/788611/000149315224000196/0001493152-24-000196-index.htm
- Executive change
  Jacob Brunsberg resigned as President and Chief Executive Officer at NextTrip, Inc..
  - Action: resigned
  - Role: President and Chief Executive Officer
  source text: Jacob Brunsberg resigned as our President and Chief Executive Officer and William Kerby, Chief Executive Officer of NextTrip, was appointed by our Board of Directors as Chief Executive Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/788611/000149315224000196/0001493152-24-000196-index.htm
- Executive change
  Donald P. Monaco was appointed as Chairman of the Board at NextTrip, Inc..
  - Action: appointed
  - Role: Chairman of the Board
  source text: Mark Ruport, the Chairman of the Board of Sigma, resigned as Chairman and as a director, and Donald P. Monaco was appointed by our Board of Directors as a director and Chairman of the Board to fill the vacancy created by Mr. Ruport’s resignation.
  evidence_url: https://www.sec.gov/Archives/edgar/data/788611/000149315224000196/0001493152-24-000196-index.htm
- M&A Transactions
  NextTrip, Inc. completed an acquisition involving NextTrip Holdings, Inc. (closed 2023-12-29).
  - Action: acquisition
  - Counterparty: NextTrip Holdings, Inc.
  - Closing: 2023-12-29
  source text: On December 29, 2023, we completed the Acquisition, pursuant to the terms of the Exchange Agreement, NextTrip became a wholly-owned subsidiary of the Company and the ongoing business of the Company became the business of NextTrip.
  evidence_url: https://www.sec.gov/Archives/edgar/data/788611/000149315224000196/0001493152-24-000196-index.htm

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