NextTrip, Inc. - NTRP STOCK NEWS

NextTrip (NASDAQ:NTRP) has signed a non-binding LOI to acquire Five Star Alliance, a luxury travel agency with a 4.9-star Trustpilot rating. Five Star Alliance brings a proprietary search engine covering 5,000+ luxury hotels, established industry relationships, a luxury cruise program, and group travel pipeline. The acquisition, expected to close in Q4 2024, will be financed through cash and shares at a $3.10 per share valuation. Key employees will join NextTrip post-closing.

The deal aims to leverage Five Star's Signature Travel Network access, proprietary search engine, and luxury cruise offerings to enhance NextTrip's platform. The company plans to integrate Five Star's booking platform across B2C and B2B channels and develop new luxury hotel programs.

NextTrip (NASDAQ:NTRP) has launched Compass.tv, a travel discovery channel and app featuring over 1,000 hours of travel video content. The platform aims to convert viewers into customers by allowing direct vacation bookings through the NextTrip Booking Engine. Partnering with Dooya Media Group, Compass.tv plans to expand its offerings by collaborating with influencers who have millions of travel-focused followers.

The platform caters to Millennials and Gen Z, who increasingly use video for travel planning. Compass.tv offers free, immersive content from popular social media influencers, creating a unique travel hub. The Content Creator Program incentivizes influencers with a revenue-sharing model and integrates content-to-commerce funnels. Launch partnerships include Paul "Barbs" Barbato, Global Child TV, INSIGHT TV, and Off the Fence.

Compass.tv is available on iOS, Android, and web browsers, with plans to expand to Roku, Apple TV, and Amazon Fire TV.

NextTrip (NASDAQ:NTRP) has launched a new Group Booking Platform, a proprietary technology for its direct-to-consumer travel booking website. The platform streamlines the booking process for group travel, allowing individual travelers to book their own arrangements while remaining part of a group. Key features include:

- Simplified front-end booking flow
- Reduced workload for group leaders
- Easy inclusion of pre- and post-stays and activities
- Email invitation integration
- Implementation on various sites like conference websites

The platform was successfully tested with groups focusing on special event travel in domestic and international markets. NextTrip aims to capitalize on the post-pandemic resurgence in group, corporate, and family travel, with group hotel room nights increasing by 18% in the first half of 2023 compared to 2022.

NextTrip, Inc. (NASDAQ:NTRP), a travel technology company, has received a notification from Nasdaq on July 17, 2024, stating its continued noncompliance with Listing Rule 5250(c)(1). The company has failed to timely file its Quarterly Report on Form 10-Q for the quarter ended May 31, 2024, and its Annual Report on Form 10-K for the year ended February 29, 2024.

NextTrip has until August 16, 2024, to either file the delinquent reports or submit a compliance plan to Nasdaq. If accepted, Nasdaq may grant an extension until December 10, 2024. Failure to comply could result in delisting from The Nasdaq Capital Market, subject to appeal. The company intends to file the reports or submit a compliance plan by the deadline.

NextTrip (NASDAQ:NTRP) has partnered with Dooya Media Group to launch Compass.TV, a travel discovery channel and app set to debut in September 2024. This innovative FAST (free ad-supported streaming television) channel aims to revolutionize the tourism industry by offering:

1. Virtual exploration of destinations through experienced travelers and local insiders
2. Spotlights on accommodations, local foods, and must-visit locations
3. Seamless content-to-commerce integration using NextTrip's Booking Engine
4. Curated and personalized content for travelers and enthusiasts
5. High-quality influencer-led content including travel documentaries and virtual tours

Compass.TV will be available on iOS, Android, web browsers, and later on platforms like Roku, Apple TV, and Amazon Fire TV. This partnership aims to set a new standard in travel discovery and engagement while driving advertising revenue and bookings.

NextTrip has unveiled FlexPay, a proprietary technology for their travel booking site, which introduces flexible payment options. FlexPay allows customers to pay for accommodations over time through interest-free installments and does not require credit checks. This feature aims to capitalize on the growing trend of 'buy now, pay later' services, which represented 4% of 2021 e-commerce transactions in Canada and the US and is expected to grow to 9% by 2025. FlexPay is integrated into the booking process and will be used in social media travel campaigns and direct-to-consumer marketing to drive sales and conversion rates. NextTrip anticipates that FlexPay will make travel more affordable and flexible, particularly appealing to younger travelers, and enhance marketing efforts throughout the year.

NextTrip, a travel technology company, has received a notification from Nasdaq indicating non-compliance with Nasdaq Listing Rule 5250(c)(1) due to the delayed filing of its annual report on Form 10-K for the fiscal year ending February 29, 2024. The company now has 60 days to submit a compliance plan to Nasdaq. If accepted, NextTrip may have until December 10, 2024, to meet the filing requirements. Further details are available in the company's Form 8-K filed with the SEC.

NextTrip, Inc. engages MZ Group for strategic investor relations and financial communications program. MZ to enhance visibility and market presence for NextTrip. NextTrip focuses on personalized travel services and digital solutions. The travel industry is projected to grow significantly, creating a substantial market opportunity for NextTrip. NextTrip acquires Bookit.com assets, positioning for revenue growth and diversification. The company has partnerships with millions of suppliers and destinations worldwide. NextTrip plans to launch an AI-assisted travel planning ecosystem and interactive media solutions. CEO Bill Kerby anticipates the full re-activation of the travel booking platform and content ecosystem launch.

Synaptogenix, Inc. (OTC: SNPX) has announced the receipt of its first batch of synthetic Bryostatin under an exclusive licensing agreement with Stanford University. This development will enable the company to expand its research and conduct trials for various neurodegenerative disorders including Alzheimer's, Multiple Sclerosis, and Parkinson's disease. The synthetic supply addresses the need for increased availability, crucial for the development of orally deliverable compounds. The company aims to complement ongoing Phase 2 trials in Alzheimer's Disease with additional studies utilizing the new supply.