secwatch.observer — SEC 8-K summary
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Issuer:     NextTrip, Inc. (NTRP)
CIK:        0000788611
Form:       8-K
Filed at:   2025-06-30T23:59:59+00:00
Accession:  0001641172-25-017181
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 9.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

NextTrip discloses FSA Travel Q1 2025 net loss $59K; going concern doubt
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- FSA Travel revenues $43,683, net loss $59,464 for three months ended March 31, 2025.
- Accumulated deficit $1.87M; substantial doubt about FSA's ability to continue as a going concern.
- Cash rose to $475,344 (from $6,987) after NextTrip's $500K investment and $500K investment in NextTrip.
- NextTrip acquired remaining 51% of FSA on April 9, 2025, making it a wholly owned subsidiary.
- On April 28, 2025, NextTrip paid $400K cash and issued 120,967 Series O Preferred for milestone achievements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788611/000164117225017181/0001641172-25-017181-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788611/000164117225017181/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-017181

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