---
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"
generated_at: "2026-05-23T15:52:11.828324+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NextTrip completes full acquisition of Five Star Alliance (remaining 51%) for $500K cash and Series O preferred

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.01, 3.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-003966
- JSON: https://secwatch.observer/filing/0001641172-25-003966.json
- Plain text: https://secwatch.observer/filing/0001641172-25-003966.txt

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