Highest-materiality recent filing
NextTrip borrows $200K from director's trust; total Monaco Loans $500K at 7.5% due June 30, 2026
On May 29, 2026, NextTrip borrowed $200,000 from The Donald P. Monaco Insurance Trust, an entity affiliated with director Donald P. Monaco.
NextTrip raises $1.015M via Series B Convertible Preferred Stock and warrant
Issued 368,421 Series B Preferred Shares at $2.755 each plus 40,000 issuance fee shares and a warrant for 100,000 common shares at $2.755.
NextTrip closes acquisition of GoUSA TV assets for $700k; expands media-to-travel ecosystem
Acquired select content, brand rights, distribution assets of GoUSA TV for $350k cash plus $350k in restricted NTRP shares.
NextTrip Q3 revenue surges 1,508% to $1.2M; deferred revenue $1.7M
Revenue $1.2M vs $74,635 (+1,508% YoY); nine-month revenue $2.1M (+402% YoY).
NextTrip prices $3M private placement of 1M shares and warrants; total equity raise $5M
Gross proceeds ~$3M from 1M shares and 1M warrants at $3.43 exercise price, 4-year term.
NextTrip provides update post TA Pipeline acquisition; reports 446% QoQ growth
Completed acquisition of TA Pipeline LLC in late August 2025; launched new website at tapipeline.com.
NextTrip reports Q2 revenue $757,648, up 446% QoQ; acquires TA Pipeline, expands media platform
Revenue of $757,648 for Q2 FY2026, exceeding total revenue for entire prior fiscal year; 446% increase from Q1 FY2026.
Six original series including 'Borderless Table', 'Origins of Dance', 'Beyond the Known', 'Eco Luxe', 'TIDE', and 'Whipped' premiere in 2026.
NextTrip acquires TA Pipeline for $443K cash + 96,774 shares; target projects $8M revenue
Acquisition: NextTrip (NTRP) acquired all membership interests of TAPipeline LLC for $443,169 cash and 96,774 restricted shares (valued at $3.10/share = $300,000), closed Aug 6, 2025.
NextTrip pro forma net loss $4.5M on $152K revenue for Q1 after FSA acquisition closure
Pro forma net loss $4.5M ($0.69/share) for three months ended May 31, 2025 on revenue of $152K.
NextTrip partners with KC Global Media to launch Journy channel in SE Asia; Kaplan joins board
Partnership with KC Global Media to launch Journy-branded TV and digital channel in Southeast Asia.
NextTrip discloses FSA Travel Q1 2025 net loss $59K; going concern doubt
FSA Travel revenues $43,683, net loss $59,464 for three months ended March 31, 2025.
NextTrip secures $3M revolving credit line from Chairman at 12% interest
$3M revolving credit facility from Monaco Investment Partners II, LP, controlled by Chairman Donald Monaco; 12% simple interest, maturing May 31, 2027.
Nasdaq confirmed compliance on April 23, 2025 after initial listing approval on March 25 and annual meeting on April 9.
Exercised option to buy remaining 51% of FSA Travel (Five Star Alliance) for $500K cash and 161,291 Series O Nonvoting Convertible Preferred shares.
NextTrip acquires JOURNY FAST channel from Ovation for $300k cash and restricted shares
Acquired JOURNY assets (trademarks, domains, apps) from Ovation LLC for $300k cash and 20k restricted shares.
NextTrip raises $300K via convertible note with warrants to Alumni Capital LP
Issued $360K principal note (10% annual interest, matures July 1, 2025) with $60K OID, net $300K proceeds.
On March 25, 2025, Nasdaq approved NextTrip's initial listing application, enabling issuance of 4,393,993 Contingent Shares.
NextTrip faces Nasdaq delisting for missing annual meeting; issues 176,794 unregistered shares
Nasdaq notified NextTrip on March 3 that it failed to hold annual meeting within 12 months of FY end Feb 29, 2024; compliance plan due April 17, 2025.
NextTrip converts $2.6M in debt to restricted equity, eliminates most short-term debt
Converted $2.6M in short-term debt (including $1.5M from CEO Kerby and Chairman Monaco) into restricted preferred stock ahead of Feb 28 fiscal year-end.
NextTrip regains Nasdaq compliance with stockholders' equity above $5M
Regained compliance with Nasdaq minimum $5M stockholders' equity requirement, avoiding immediate delisting.
NextTrip appoints John McMahon as COO – Travel; to launch cruise booking engine in H1 2025
John McMahon appointed COO – Travel Division; he is CEO and majority shareholder of Five Star Alliance (FSA).
NextTrip paid $500K cash and issued 161,291 Series O Preferred shares for 49% stake in FSA Travel (Five Star Alliance).
NextTrip raises up to $1.72M in cash, converts $2.1M debt into preferred stock
Issued 297,788 Series J preferred shares at $3.02/share for cash.
NextTrip enters forbearance on contingent shares; Nasdaq listing delay key factor
Three of four milestones for 4.35M contingent shares deemed met but issuance delayed due to pending Nasdaq listing.
On January 6, 2025 (the “Termination Date”), Lyndsey North, President of NextTrip, Inc., a Nevada corporation (the “Company”), departed the Company.
Max materiality 0.85 · Median 0.57 · Most common event other_material