---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-008401"
form_type: "8-K"
ticker: "NTRP"
cik: "0000788611"
company_name: "NextTrip, Inc."
filed_at: "2025-05-02T23:59:59+00:00"
generated_at: "2026-05-22T23:21:37.762373+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# NextTrip issues 129K Series O Preferred shares and pays $400K milestone payments for FSA Travel acquisition

## Summary
- On April 28, 2025, NextTrip made all four Milestone Payments under the FSA Travel Purchase Agreement.
- Issued 129,032 shares of Series O Nonvoting Convertible Preferred Stock to FSA Members.
- Made cash payments totaling $400,000 (four $100,000 installments) in conjunction with the share issuances.
- Shares were issued as restricted securities in reliance on Section 4(a)(2) and Regulation D exemptions.
- Milestones included achieving travel bookings and providing remote access to FSA's booking engine.

## SEC filing metadata
- accession: 0001641172-25-008401
- form_type: 8-K
- ticker: NTRP
- cik: 0000788611
- company_name: NextTrip, Inc.
- filed_at: 2025-05-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788611/000164117225008401/0001641172-25-008401-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788611/000164117225008401/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-008401
- JSON: https://secwatch.observer/filing/0001641172-25-008401.json
- Plain text: https://secwatch.observer/filing/0001641172-25-008401.txt

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