---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-004337"
form_type: "8-K"
ticker: "NTRP"
cik: "0000788611"
company_name: "NextTrip, Inc."
filed_at: "2024-01-30T23:59:59+00:00"
generated_at: "2026-06-06T15:27:45.512030+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Sigma Additive licenses Promethean TV platform; issues 250,000 preferred shares for IP and debt settlement

## Summary
- Entered perpetual license for Promethean's Ignite TV interactive video platform code, for use in travel solutions industry.
- Issued 100,000 Series G Convertible Preferred shares to Promethean as consideration; also waived past debts.
- Issued 150,000 Series H Convertible Preferred shares to two parties for resolution of services/payables.
- Series G and H automatically convert 1:1 into common upon charter amendment to increase authorized shares.
- Company has right of first refusal to acquire Promethean for one year from Jan 26, 2024.

## SEC filing metadata
- accession: 0001493152-24-004337
- form_type: 8-K
- ticker: NTRP
- cik: 0000788611
- company_name: NextTrip, Inc.
- filed_at: 2024-01-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788611/000149315224004337/0001493152-24-004337-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788611/000149315224004337/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-004337
- JSON: https://secwatch.observer/filing/0001493152-24-004337.json
- Plain text: https://secwatch.observer/filing/0001493152-24-004337.txt

## Key facts
- Governance Changes
  NextTrip, Inc.: The Company filed Certificates of Designation for Series G Convertible Preferred Stock and Series H Convertible Preferred Stock, amending its articles of incorporation (effective 2024-01-26).
  - Change: charter amendment
  - Effective: 2024-01-26
  source text: Series G Certificate of Designation On January 26, 2024, the Company filed a Certificate of Designation of Series G Convertible Preferred Stock (the “Series G Certificate of Designation”) with the Secretary of State of the State of Nevada, designating 100,000 shares of the Company’s preferred stock as Series G Convertible Preferred Stock, par value $0.001 per share. The terms and conditions set forth in the Series G Certificate of Designation are summarized below: Ranking. The Series G Preferred rank pari passu to the Company’s common stock. Dividends. Holders of Series G Preferred will be entitled to dividends, on an as-converted basis, equal to dividends actually paid, if any, on shares of Company common stock. Voting . Except as provided by the Company’s Charter or as otherwise required by the Nevada Revised Statutes, holders of Series G Preferred are entitled to vote with the holders of outstanding shares of Company common stock, voting together as a single class, with respect to a
  evidence_url: https://www.sec.gov/Archives/edgar/data/788611/000149315224004337/0001493152-24-004337-index.htm
- Material Agreements
  NextTrip, Inc. entered into Perpetual License Agreement with Promethean TV, Inc. valued at Issued 100,000 restricted shares of Series G Convertible Preferred Stock; waived all past debts prev (effective 2024-01-26).
  - Action: entry
  - Agreement: license
  - Counterparty: Promethean TV, Inc.
  - Value: Issued 100,000 restricted shares of Series G Convertible Preferred Stock; waived all past debts prev
  - Effective: 2024-01-26
  source text: On January 26, 2024 (the "Effective Date"), Sigma Additive Solutions, Inc. (the "Company") and NextTrip Holdings, Inc., a wholly owned subsidiary of the Company ("NextTrip"), entered into a Perpetual License Agreement (the "License Agreement") with Promethean TV, Inc. ("Promethean"), pursuant to which Promethean (i) sold NextTrip the code for the Licensed Software (as defined in the License Agreement) and (ii) granted NextTrip an irrevocable, worldwide, perpetual right and non-exclusive license to forever retain and use the code and each executable copy of the Licensed Software for the commercial exploitation by NextTrip in the travel solutions industry, subject to certain limitations set forth in the License Agreement (the "Perpetual License").
  evidence_url: https://www.sec.gov/Archives/edgar/data/788611/000149315224004337/0001493152-24-004337-index.htm

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