NextTrip, Inc. (NTRP): M&A transaction — NextTrip completes full acquisition of Five Star Alliance (remaining 51%) for $500K cash and Series O preferred

NextTrip, Inc.

Exercised option to buy remaining 51% of FSA Travel (Five Star Alliance) for $500K cash and 161,291 Series O Nonvoting Convertible Preferred shares.
FSA becomes wholly-owned; integration will leverage NextTrip's FAST channels (Journy.tv, Compass.tv) reaching ~17M monthly active devices.
Cash portion funded by unsecured promissory note from Donald P. Monaco Trust; Donald Monaco is Chairman and trustee.
Five Star Alliance has 4.9-star Trustpilot rating and 400,000+ monthly site visitors in luxury travel.
CEO Bill Kerby says acquisition strengthens luxury travel position and drives revenue growth across B2C and B2B segments.

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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 FSA Members (closed 2025-04-09).

Action: acquisition
Counterparty: FSA Members
Closing: 2025-04-09

Exact text from the filing

On April 9, 2025 (the "Final Closing Date"), the Company exercised the Option and, in satisfaction of its obligations under the Purchase Agreement in connection with the Final Closing, the Company paid the FSA Members an aggregate of $500,000 in cash and issued the FSA Members an aggregate of 161,291 shares of Series O Preferred.

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Source: SEC EDGAR

accession 0001641172-25-003966

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