{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-005803","form_type":"8-K","ticker":"NTRP","cik":"0000788611","company_name":"NextTrip, Inc.","filed_at":"2025-02-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.348412+00:00","generated_at":"2026-05-26T23:39:59.269876+00:00","sec_items":["1.01","2.01","3.02","5.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"NextTrip acquires 49% of Five Star Alliance for $500K + preferred shares; option to buy rest by Apr 2025","bullets":["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)."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-005803","json":"https://secwatch.observer/filing/0001493152-25-005803.json","markdown":"https://secwatch.observer/filing/0001493152-25-005803.md","text":"https://secwatch.observer/filing/0001493152-25-005803.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/788611/000149315225005803/0001493152-25-005803-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/788611/000149315225005803/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T23:39:59.269876+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}