Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
NextTrip, Inc. completed an acquisition involving The Corporation for Travel Promotion, doing business as "Brand USA" for $350,000 in cash plus restricted shares of the Company with a value of $350,000 (closed 2026-02-02).
- Action
- acquisition
- Counterparty
- The Corporation for Travel Promotion, doing business as "Brand USA"
- Consideration
- $350,000 in cash plus restricted shares of the Company with a value of $350,000
- Closing
- 2026-02-02
Exact text from the filing
originally launched to showcase destinations across the United States, and to assume certain liabilities of Seller. The aggregate consideration under the Purchase Agreement is $350,000 in cash plus restricted shares of the Company (the “Shares”) with a value of $350,000 based on the weighted average price of the Shares for the twenty consecutive trading days
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
NextTrip, Inc. entered into Purchase Agreement with The Corporation for Travel Promotion, doing business as "Brand USA" valued at $350,000 in cash plus restricted shares of the Company with a value of $350,000 (effective 2026-02-02).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- The Corporation for Travel Promotion, doing business as "Brand USA"
- Value
- $350,000 in cash plus restricted shares of the Company with a value of $350,000
- Effective
- 2026-02-02
Exact text from the filing
On February 2, 2026, NextTrip, Inc. (the “Company”) entered into an Asset Purchase Agreement (the “Purchase Agreement”) with The Corporation for Travel Promotion , doing business as “Brand USA” (“Seller”) pursuant to which, subject to the terms and conditions set forth in the Purchase Agreement, the Company agreed to purchase select content, brand rights and distribution assets (collectively, the “Assets”) of GoUSA TV, a travel streaming platform originally launched to showcase destinations across the United States, and to assume certain liabilities of Seller.
View on SEC.gov