---
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"
generated_at: "2026-05-18T04:47:02.721945+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NextTrip pro forma net loss $4.5M on $152K revenue for Q1 after FSA acquisition closure

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 9.01, 8.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-011334
- JSON: https://secwatch.observer/filing/0001493152-25-011334.json
- Plain text: https://secwatch.observer/filing/0001493152-25-011334.txt

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