NextTrip completes FSA Travel acquisition; acquired entity posts FY2024 loss of $201k

NextTrip, Inc.

FSA audited FY2024 revenue $381,698, net loss $201,431; accumulated deficit $1.813M.
Cash at Dec 31, 2024 only $6,987; SBA loan $199,100 outstanding.
Auditor cites substantial doubt about FSA's ability to continue as going concern.
Total consideration for 100% of FSA: $1M cash + 322,582 Series O preferred shares.
FSA is a luxury travel agency with over 5,000 hotel partnerships; now wholly owned by NextTrip.

item 9.01

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