NextTrip sells 408,421 Series B preferred shares in private placement at $2.76 price

NextTrip, Inc.

NextTrip, Inc.

NTRP

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  • NextTrip closed private placement May 7, 2026, issuing 408,421 restricted shares of newly designated Series B Convertible Preferred Stock, including 40,000 shares issued as fee.
  • Offering also included five-year warrant to buy 100,000 common shares at USD 2.76 per share, matching purchase price for Series B Preferred Shares.
  • Transaction obligations secured by pledge of 1,365,314 common shares owned by CEO William Kerby under limited recourse guarantee.
  • Proceeds earmarked for working capital and general corporate purposes.
  • Resale registration statement required within 15 days of closing, with effectiveness targeted within 30 days, or 60 days if SEC review occurs.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NextTrip Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-021972), on May 08, 2026, and is solely responsible for the information contained therein.

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