NextTrip acquires 49% of Five Star Alliance for $500K + preferred shares; option to buy rest by Apr 2025

NextTrip, Inc.

NextTrip paid $500K cash and issued 161,291 Series O Preferred shares for 49% stake in FSA Travel (Five Star Alliance).
Option to purchase remaining 51% for additional $500K cash + 161,291 Series O Preferred, subject to $2M capital raise and employment of key staff.
Milestone earnouts: up to $400K cash and 129,032 Series O Preferred shares based on travel bookings and system access.
Five Star Alliance CEO John McMahon and Courtney May join NextTrip management; McMahon cites commitment to 'traveler-first' approach.
Series O Preferred conversion to common stock requires Nasdaq stockholder approval; shares unregistered under Section 4(a)(2).

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