secwatch.observer — SEC 8-K summary
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Issuer:     NextTrip, Inc. (NTRP)
CIK:        0000788611
Form:       8-K
Filed at:   2025-05-02T23:59:59+00:00
Accession:  0001641172-25-008401
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788611/000164117225008401/0001641172-25-008401-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788611/000164117225008401/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-008401

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