NextTrip, Inc. (NTRP): M&A transaction — NextTrip acquires JOURNY FAST channel from Ovation for $300k cash and restricted shares

NextTrip, Inc.

Acquired JOURNY assets (trademarks, domains, apps) from Ovation LLC for $300k cash and 20k restricted shares.
License fee of $336,801 payable over 2 years; Ovation retains ownership stake via shares.
JOURNY is a travel-themed FAST channel reaching ~17M active devices monthly on leading platforms.
Acquisition aims to enhance NextTrip's content portfolio and strengthen Compass.tv platform.
FAST market projected to reach $12B U.S. revenue by 2027, with 15.4% CAGR globally.

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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. completed an acquisition involving Ovation LLC for $300,000 in cash at closing and issued Ovation 20,000 restricted shares of Company common stock (closed 2025-04-01).

Action: acquisition
Counterparty: Ovation LLC
Consideration: $300,000 in cash at closing and issued Ovation 20,000 restricted shares of Company common stock
Closing: 2025-04-01

Exact text from the filing

platform. The JOURNY Acquisition closed on April 1, 2025. Pursuant to the Purchase Agreement, as consideration for the JOURNY Acquisition, the Company paid Ovation $300,000 in cash at closing and issued Ovation 20,000 restricted shares of Company common stock (the “Shares”). In connection with the JOURNY Acquisition, on April 1, 2025, the Company and

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

NextTrip, Inc. filing history →

Source: SEC EDGAR

accession 0001641172-25-002933

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