---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-001257"
form_type: "8-K"
ticker: "NTRP"
cik: "0000788611"
company_name: "NextTrip, Inc."
filed_at: "2025-03-28T23:59:59+00:00"
generated_at: "2026-05-24T03:29:34.389263+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001641172-25-001257
- form_type: 8-K
- ticker: NTRP
- cik: 0000788611
- company_name: NextTrip, Inc.
- filed_at: 2025-03-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.02, 5.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788611/000164117225001257/0001641172-25-001257-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788611/000164117225001257/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-001257
- JSON: https://secwatch.observer/filing/0001641172-25-001257.json
- Plain text: https://secwatch.observer/filing/0001641172-25-001257.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.