{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-011834","form_type":"8-K","ticker":"NTRP","cik":"0000788611","company_name":"NextTrip, Inc.","filed_at":"2025-08-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.371669+00:00","generated_at":"2026-05-17T15:00:12.198434+00:00","sec_items":["1.01","3.02","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 TA Pipeline for $443K cash + 96,774 shares; target projects $8M revenue","bullets":["Acquisition: NextTrip (NTRP) acquired all membership interests of TAPipeline LLC for $443,169 cash and 96,774 restricted shares (valued at $3.10/share = $300,000), closed Aug 6, 2025.","Earnout: Additional earnout up to $200,000, equal to 5% of TA Pipeline's net revenues over 12 months post-closing, payable 50% cash and 50% stock.","Target financials: TA Pipeline projects approximately $8 million in revenue for 2025, providing immediate revenue contribution.","Strategic rationale: TA Pipeline specializes in group travel bookings to Caribbean and Mexico; will leverage NextTrip's Group Booking technology to automate and scale.","Price protection: Members get option to require repurchase at $3.10 or top-up shares if FMV falls below $3.10 during 3-month exercise period."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-011834","json":"https://secwatch.observer/filing/0001493152-25-011834.json","markdown":"https://secwatch.observer/filing/0001493152-25-011834.md","text":"https://secwatch.observer/filing/0001493152-25-011834.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/788611/000149315225011834/0001493152-25-011834-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/788611/000149315225011834/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T15:00:12.198434+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"}