NextTrip raises $85K in Series N preferred and warrants; extends forbearance to Mar 2025

NextTrip, Inc.

Issued 17,000 shares of Series N Nonvoting Convertible Preferred and warrants for 17,000 shares at $5.00/unit for $85,000 gross proceeds.
Warrants exercisable at $7.50/share, six-month lockup, three-year term; conversion of preferred requires shareholder approval for Exchange Cap removal.
Extended forbearance with NextTrip Holdings to March 31, 2025, delaying contingent share issuance and board appointments tied to Nasdaq listing approval.
Net proceeds to be used for working capital; Series N Certificate of Designation filed Jan 30, 2025.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.