NextTrip converts $152,970 of related-party loans into Series Q Preferred Stock

NextTrip, Inc.

Converted $152,970 (principal + accrued interest) owed to directors Carmen Diges and Stephen Kircher into 47,803 Series Q Preferred shares at $3.20/share.
Conversion retroactive to September 3, 2025; shares issued as unregistered restricted securities under Section 4(a)(2) and Regulation D.
Conversion of Series Q Preferred into common stock requires stockholder approval per Nasdaq listing rules.
Series Q Preferred is newly designated nonvoting convertible stock; terms defined in filed Certificate of Designation.

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