NextTrip SEC Filings

NextTrip, Inc. (NTRP) filed its Q2 FY2026 10‑Q for the quarter ended August 31, 2025. Revenue rose to $757,648 from $154,498 a year ago, producing gross profit of $165,575. Operating expenses were $3.37M, driving an operating loss of $3.20M and a net loss of $2.90M (basic and diluted loss per share $0.39).

Cash was $1.84M, total assets $13.91M, and total liabilities $7.93M. Current liabilities were $5.00M versus current assets of $3.52M. The company recorded mezzanine equity of $387,000 and stockholders’ equity of $5.59M. Management disclosed “substantial doubt” about continuing as a going concern.

The quarter included multiple transactions: completion of the FSA Travel step acquisition (total consideration $2.78M, goodwill $1.67M), the Journy.tv asset purchase (total consideration $415,200 plus a license fee of $336,801), and the TA Pipeline LLC acquisition (consideration $1.14M, including $443,168 cash and 96,774 shares valued at $387,000). TA-related earnout of up to $200,000 and a put option created a derivative liability of $120,000 and contingent consideration of $180,000 at quarter-end.

NextTrip, Inc. (NTRP) furnished a Regulation FD update via Form 8-K announcing a slate of six JOURNY originals. The disclosure, dated October 13, 2025, includes a press release attached as Exhibit 99.1. The company states the information is being furnished, not filed, under the Exchange Act, is not subject to Section 18 liabilities, and is not incorporated by reference into other filings. The report also includes customary forward‑looking statements language outlining risks and uncertainties.

NextTrip, Inc. filing provides election and governance details for shareholders and discloses beneficial ownership percentages, director and executive compensation elements, and certain fees. The board and executive group together beneficially own 3,744,534 shares (44.5%) based on 8,224,752 shares outstanding as of September 15, 2025. Donald P. Monaco is shown with 1,474,760 shares (17.6%); other named holders include David Jiang (826,455; 9.9%) and a 5% stockholder Swel5, LLC (462,875; 5.6%). The proxy shows audit fees of $16,250, tax fees of $7,283, and other fee line items. The company adopted a Compensation Recovery Policy on November 29, 2023, to recoup erroneously awarded incentive-based compensation in the event of an accounting restatement. Executive and director equity and option holdings and select grant/vesting figures are included in the disclosure.

NextTrip, Inc. (NTRP) preliminary proxy excerpt discloses ownership, director and executive compensation details, auditor fees, and a new compensation recovery policy. The company reports 8,224,752 shares outstanding for purposes of ownership calculations and states that all executive officers and directors as a group beneficially own 3,744,534 shares (44.5%). Individual holdings shown include Donald P. Monaco at 1,474,760 shares (17.6%), David Jiang at 826,455 (9.9%), and Swel5, LLC at 462,875 (5.6%). The board adopted a Compensation Recovery Policy on November 29, 2023, requiring recovery of erroneously awarded incentive-based compensation in the event of an accounting restatement and prohibiting indemnification or insurance to cover such recovery. Reported audit fees total $16,250, tax fees $7,283, and selected executive annualized compensation figures are included.

NextTrip, Inc. Schedule 13G shows Alumni Capital LP, Alumni Capital GP LLC and Ashkan Mapar (the "Reporting Persons") report beneficial interest in 891,616 shares of NextTrip common stock, representing 9.99% of the class as presented in the filing. The reported interests arise from a Securities Purchase Agreement under which the Fund has rights or obligations to acquire shares rather than current outright ownership.

The filing clarifies the Fund currently does not own shares outright but holds warrants to acquire 266,774 shares and is subject to a 4.99% automatic ownership cap under the Purchase Agreement that may be increased to 9.99% by written agreement with the issuer. Shared voting and dispositive power over the reported shares is indicated for all Reporting Persons.