NextTrip raises $300K via convertible note with warrants to Alumni Capital LP

NextTrip, Inc.

Issued $360K principal note (10% annual interest, matures July 1, 2025) with $60K OID, net $300K proceeds.
Warrants to purchase 80,000 shares at $4.50/share, exercisable for 5 years.
Note convertible upon event of default at 80% of lowest 20-day VWAP; beneficial ownership cap at 9.99% and exchange cap at 19.99%.
Investor entitled to 50% of outstanding amounts if Company receives net cash proceeds between $1M and $2M, and full repayment above $2M.
Securities issued under Regulation D exemption; piggyback registration rights granted.

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