8-K
filed December 29, 2025, 6:59 PM ET
ticker NTRP
CIK 0000788611
other material
confidence high
sentiment neutral
materiality 0.65
NextTrip prices $3M private placement of 1M shares and warrants; total equity raise $5M
NextTrip, Inc.
- Gross proceeds ~$3M from 1M shares and 1M warrants at $3.43 exercise price, 4-year term.
- Proceeds for working capital and general corporate purposes; closing on Dec 23, 2025.
- Combined with prior $2M placement, total equity raised ~$5M in Nov-Dec 2025.
- Amended warrants with Denis Suggs, KCGM, Charcoal Investment to extend exercise and adjust price for Nasdaq compliance.
- KCGM cancelled 75K shares for a pre-funded warrant requiring shareholder approval for Nasdaq compliance.
Key facts
Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
NextTrip, Inc. issued common stock warrants (the “Warrants”) to purchase 1,000,000 shares of Common Stock of warrant to a purchaser named therein (the "Purchaser") for gross proceeds of approximately $3,000,000.
- Security
- warrant
- Shares
- common stock warrants (the “Warrants”) to purchase 1,000,000 shares of Common Stock
- Purchaser
- a purchaser named therein (the "Purchaser")
- Consideration
- gross proceeds of approximately $3,000,000
Exact text from the filing
but in any event no later within 30 days after the date of the Registration Rights Agreement (the “Effective Date”). The Offering will result in gross proceeds of approximately $3,000,000 before deducting the placement agent’s fees and related offering expenses. The Offering closed on December 23, 2025. Pursuant to the Purchase Agreement and subject to certain
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
NextTrip, Inc. issued 1,000,000 shares of common stock to a purchaser named therein (the "Purchaser") for gross proceeds of approximately $3,000,000.
- Security
- common stock
- Shares
- 1,000,000 shares
- Purchaser
- a purchaser named therein (the "Purchaser")
- Consideration
- gross proceeds of approximately $3,000,000
Exact text from the filing
but in any event no later within 30 days after the date of the Registration Rights Agreement (the “Effective Date”). The Offering will result in gross proceeds of approximately $3,000,000 before deducting the placement agent’s fees and related offering expenses. The Offering closed on December 23, 2025. Pursuant to the Purchase Agreement and subject to certain
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.7
NextTrip, Inc. entered into Registration Rights Agreement with the Purchaser.
- Action
- entry
- Counterparty
- the Purchaser
Exact text from the filing
Pursuant to a Registration Rights Agreement between the Company and the Purchaser (the “Registration Rights Agreement”), the Company has agreed to file a registration statement (the “Resale Registration Statement”) to cover the resale of the Common Shares and any share of Common Stock underlying the Warrants
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
NextTrip, Inc. entered into Purchase Agreement with a purchaser named therein (the “Purchaser”) valued at approximately $3,000,000 (effective 2025-12-22).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- a purchaser named therein (the “Purchaser”)
- Value
- approximately $3,000,000
- Effective
- 2025-12-22
Exact text from the filing
On December 22, 2025, NextTrip, Inc., a Nevada corporation (the “Company”), entered into a Securities Purchase Agreement (the “Purchase Agreement”) with a purchaser named therein (the “Purchaser”), pursuant to which the Company agreed to issue and sell, in a private placement (the “Offering”) 1,000,000 shares (the “Common Shares”) of the Company’s Common Stock
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
NextTrip, Inc. entered into Placement Agreement with Ladenburg Thalmann & Co. Inc. (effective 2025-12-22).
- Action
- entry
- Agreement
- underwriting
- Counterparty
- Ladenburg Thalmann & Co. Inc.
- Effective
- 2025-12-22
Exact text from the filing
Pursuant to a Placement Agency Agreement dated as of December 22, 2025 (the “Placement Agreement”), the Company engaged Ladenburg Thalmann & Co. Inc. (the “Placement Agent”) to act as the Company’s exclusive placement agent in connection with the Offering.
View on SEC.gov
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