NextTrip raises $3 million in private placement financing

NextTrip Inc. (NASDAQ: NTRP) announced it has entered into a definitive agreement for a private placement offering that will raise approximately $3 million in gross proceeds.

The travel and media technology company will issue 1 million shares of common stock and warrants to purchase an additional 1 million shares. The warrants carry an exercise price of $3.43 per share, become exercisable six months from issuance, and expire four years from the initial exercise date.

Ladenburg Thalmann & Co. Inc. serves as the exclusive placement agent for the offering, which is expected to close on or about December 23, 2025, subject to customary closing conditions.

The company previously completed a $2 million private placement in November and December, bringing total recent equity raised to $5 million. NextTrip intends to use the net proceeds for working capital and general corporate purposes.

The securities are being issued under Section 4(a)(2) of the Securities Act of 1933 and Regulation D, and have not been registered under the Securities Act or applicable state securities laws.

NextTrip operates as a technology-forward travel and media company that combines content, booking tools, and premium services. The company's platforms include Five Star Alliance, featuring luxury hotel properties, and TA Pipeline, a group travel booking platform for Mexico and the Caribbean destinations.

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