{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-003966","form_type":"8-K","ticker":"NTRP","cik":"0000788611","company_name":"NextTrip, Inc.","filed_at":"2025-04-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.270696+00:00","generated_at":"2026-05-23T15:52:11.828324+00:00","sec_items":["2.01","3.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"NextTrip completes full acquisition of Five Star Alliance (remaining 51%) for $500K cash and Series O preferred","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-003966","json":"https://secwatch.observer/filing/0001641172-25-003966.json","markdown":"https://secwatch.observer/filing/0001641172-25-003966.md","text":"https://secwatch.observer/filing/0001641172-25-003966.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/788611/000164117225003966/0001641172-25-003966-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/788611/000164117225003966/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T15:52:11.828324+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}