{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-011334","form_type":"8-K/A","ticker":"NTRP","cik":"0000788611","company_name":"NextTrip, Inc.","filed_at":"2025-07-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.371045+00:00","generated_at":"2026-05-18T04:47:02.721945+00:00","sec_items":["9.01","8.01"],"event_type":"m_and_a","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"NextTrip pro forma net loss $4.5M on $152K revenue for Q1 after FSA acquisition closure","bullets":["Pro forma net loss $4.5M ($0.69/share) for three months ended May 31, 2025 on revenue of $152K.","NextTrip acquired 100% of FSA Travel for $2M total consideration ($1M cash + 322,582 Series O preferred shares).","FSA contributed $13.6K revenue and $22.1K operating loss for the period from March 1 to April 9, 2025.","Pro forma operating loss $4.7M driven by $2.0M organization costs and $1.2M professional services.","Contingent milestone payments up to $800K (four $200K milestones) payable upon achieving business milestones."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-011334","json":"https://secwatch.observer/filing/0001493152-25-011334.json","markdown":"https://secwatch.observer/filing/0001493152-25-011334.md","text":"https://secwatch.observer/filing/0001493152-25-011334.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/788611/000149315225011334/0001493152-25-011334-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/788611/000149315225011334/form8-ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T04:47:02.721945+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"}