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Recent Updates — NTRP

August 31, 2026View Source ↗

NextTrip, Inc. entered into an at-the-market offering agreement with Titan Partners Securities LLC on August 31, 2026, authorizing the sale of up to $6,500,000 in common stock. The company will pay Titan a commission of 3.5% of gross proceeds and reimburse specified expenses. Additionally, NextTrip agreed to pay Craft Capital Management LLC a fee equal to 2.0% of aggregate gross proceeds from sales under this offering as consideration for waiving its exclusive placement agent rights. This equity issuance activity is material as it introduces dilution risk and potential capital raising obligations. The company operates in the travel technology industry, providing online booking services.

August 27, 2026View Source ↗

NextTrip, Inc. entered into an exchange agreement with Monaco Investment Partners II, LP to increase its line of credit by $500,000 and cancel outstanding debt in exchange for newly issued Series B convertible preferred stock at a stated value of $1,000 per share. The lender is owned by Chairman Donald P. Monaco, making this a related-party transaction approved by disinterested directors. Concurrently, the company filed a Certificate of Designation creating 4,500 authorized shares of Series B Preferred Stock with a 12% annual cumulative compounding dividend rate payable quarterly starting January 2, 2027. The preferred stock carries no voting rights but converts to common stock at an initial price of $3.88 per share, subject to beneficial ownership limitations. NextTrip, Inc. operates in the travel technology industry, providing booking and management solutions for vacation rentals.