secwatch.observer — SEC 8-K summary
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Issuer:     NextTrip, Inc. (NTRP)
CIK:        0000788611
Form:       8-K/A
Filed at:   2025-06-23T23:59:59+00:00
Accession:  0001641172-25-016149
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.55
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788611/000164117225016149/0001641172-25-016149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788611/000164117225016149/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-016149

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