---
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"
generated_at: "2026-05-26T23:39:59.269876+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 5.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-005803
- JSON: https://secwatch.observer/filing/0001493152-25-005803.json
- Plain text: https://secwatch.observer/filing/0001493152-25-005803.txt

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