# NextTrip, Inc. (NTRP) — capital_raise/private_placement [pending]
Source: SEC API (secapi.ai) · situation sit_fc3776fbc4c3bfdfb736 · retrieved 2026-08-11T15:49:14.986Z

## Overview
NextTrip, Inc. is a transportation services company incorporated in Nevada and listed on the Nasdaq under ticker NTRP.

On July 31, 2026, NextTrip, Inc. entered into a Securities Purchase Agreement with five directors (Salvatore Battinelli, Jacob Brunsberg, Dennis Duitch, Kent Summers, and Donald Monaco) to issue an aggregate of 89,430 shares of common stock at $1.62 per share—the closing price on that date. The issuance satisfied the remaining $144,876.71 of unpaid board compensation (out of $289,753.42 total owed, with $144,876.71 paid in cash on the same date). Upon issuance, the debt was deemed fully satisfied and discharged, and the purchasers released all claims against the Company.

## Terms
- Counterparty: Salvatore Battinelli, Jacob Brunsberg, Dennis Duitch, Kent Summers, and Donald Monaco · Deal value: $144,876.71 · Consideration: stock · Price/share: $1.62

## Key dates
- Announced 2026-07-15 · Expected close 2028-05-31

## Timeline
- 2026-07-15 · 8-K (0001493152-26-033303): 8-K - NextTrip, Inc. — *NextTrip, Inc. is a transportation services company incorporated in Nevada.* NextTrip, Inc. and Monaco Investment Partners II, LP amended their Line of Credit Agreement, originally dated May 6, 2025, to extend the maturity date from May 31, 2027 to May 31, 2028. The credit facility provides up to $3,000,000 in principal. Donald P. Monaco, a director of NextTrip, controls the Lender. The amendment was approved by both the Company's Board of Directors and its Audit Committee, effective July 13, 2026.
  https://www.sec.gov/Archives/edgar/data/788611/0001493152-26-033303.txt
- 2026-07-22 · 8-K (0001493152-26-034192): 8-K - NextTrip, Inc. — *NextTrip, Inc. is a transportation services company (formerly Sigma Additive Solutions, Inc.) that operates a travel technology platform providing travel booking services and related travel content.* NextTrip, Inc. entered into a securities purchase agreement with Lind Global Fund III LP on July 21, 2026, whereby the Company received $4,000,000 in funding in exchange for issuing a Senior Secured Convertible Promissory Note with a principal amount of $4,600,000 and a Common Stock Purchase Warrant for 1,030,928 shares at $3.88 per share, exercisable for five years. The Company also agreed to pay a commitment fee of $120,000, deducted from the funding amount. The Note does not accrue interest and shall be repaid in 14 consecutive monthly installments of $328,571 beginning 120 days from issuance. The Note is convertible at $3.88 per share and is secured by a first-priority security interest in all Company assets, with subsidiary guarantees and pledge agreements also executed.
  https://www.sec.gov/Archives/edgar/data/788611/0001493152-26-034192.txt
- 2026-08-04 · 8-K (0001493152-26-036026): 8-K - NextTrip, Inc. — *NextTrip, Inc. is a transportation services company incorporated in Nevada and listed on the Nasdaq under ticker NTRP.* On July 31, 2026, NextTrip, Inc. entered into a Securities Purchase Agreement with five directors (Salvatore Battinelli, Jacob Brunsberg, Dennis Duitch, Kent Summers, and Donald Monaco) to issue an aggregate of 89,430 shares of common stock at $1.62 per share—the closing price on that date. The issuance satisfied the remaining $144,876.71 of unpaid board compensation (out of $289,753.42 total owed, with $144,876.71 paid in cash on the same date). Upon issuance, the debt was deemed fully satisfied and discharged, and the purchasers released all claims against the Company.
  https://www.sec.gov/Archives/edgar/data/788611/0001493152-26-036026.txt

## Citations
- 0001493152-26-033303 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226033303
- 0001493152-26-034192 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226034192
- 0001493152-26-036026 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226036026