NextTrip raises up to $1.72M in cash, converts $2.1M debt into preferred stock

NextTrip, Inc.

Issued 297,788 Series J preferred shares at $3.02/share for cash.
Loans of $1M and $220K plus warrants at $4.00; Series K preferred issued as prepaid interest.
CEO William Kerby and chairman Donald Monaco converted $1.75M in debt into 579,469 Series L preferred shares.
Up to $500K Series M offering and $350K debt conversion; all preferred convertible only after stockholder approval of Exchange Cap removal.
Warrants exercisable for up to 1.22M shares at $4.00 per share over three years.

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