NextTrip issues 4.39M Contingent Shares, giving NextTrip Sellers 73.8% control after Nasdaq listing approval

NextTrip, Inc.

On March 25, 2025, Nasdaq approved NextTrip's initial listing application, enabling issuance of 4,393,993 Contingent Shares.
On March 26, 2025, Contingent Shares issued to NextTrip Sellers, satisfying three of four Milestone Events under the Exchange Agreement.
Post-issuance, NextTrip Sellers hold 4,550,000 of 6,163,525 total outstanding shares (73.8%), gaining voting control.
NextTrip Representative now has right to designate three directors; remaining 1,450,000 Contingent Shares still issuable upon fourth milestone.
Stock continues trading on Nasdaq under symbol NTRP; no delisting risk from this issuance.

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