secwatch.observer — SEC 8-K summary
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Issuer:     NextTrip, Inc. (NTRP)
CIK:        0000788611
Form:       8-K/A
Filed at:   2025-07-22T23:59:59+00:00
Accession:  0001493152-25-011334
Event type: m_and_a
Sentiment:  negative
Materiality: 0.65
Item codes: 9.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788611/000149315225011334/0001493152-25-011334-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788611/000149315225011334/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-011334

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer