NextTrip, Inc. (NTRP): M&A transaction — 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.

item 3.02 item 5.01 item 8.01

Key facts

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. underwent a change of control involving NextTrip Sellers (closed 2025-03-26).

Action: change of control
Counterparty: NextTrip Sellers
Closing: 2025-03-26

Exact text from the filing

On March 26, 2025, the Company issued an aggregate of 4,393,993 Contingent Shares to the NextTrip Sellers in satisfaction of its obligations to issue Contingent Shares upon achievement of three of the four Milestone Events (set forth above) under the Exchange Agreement.

View on SEC.gov

5 m&a transactions filed in the last 30 days. Browse all m&a transactions →

NextTrip, Inc. filing history →

Source: SEC EDGAR

accession 0001641172-25-001257

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.