STOCK TITAN

New stock sale plan lets NextTrip (NASDAQ: NTRP) tap market over time

(Moderate)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

NextTrip, Inc. (NTRP) entered into an at-the-market offering agreement with Titan Partners Securities LLC, allowing the company to issue and sell, from time to time, shares of common stock with an aggregate offering price of up to $6,500,000 under its existing Form S-3 shelf registration and an August 31, 2026 prospectus supplement.

Titan may sell the shares as ordinary broker transactions, including on The Nasdaq Capital Market, using commercially reasonable efforts and following price and size instructions from NextTrip. NextTrip is not obligated to sell any shares, and the program ends when all shares are sold or the agreement is terminated.

NextTrip will pay Titan a 3.5% commission on gross proceeds from each sale and reimburse certain expenses. Craft Capital Management LLC waived prior placement-agent exclusivity for these sales in exchange for a 2.0% fee on gross proceeds from sales during the nine months starting on the prospectus supplement date.

Positive

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Negative

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Filing Explained

The August 31, 2026 8-K reports an agreement that permits NextTrip to sell up to $6,500,000 of common stock, but it does not report that any shares have been sold or proceeds received. It therefore creates potential—not current—dilution for existing holders: their percentage ownership would decline only if additional shares are issued.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Aggregate offering price $6,500,000 of common stock Maximum amount of shares that may be sold under the at-the-market offering agreement
Titan commission rate 3.5% of aggregate gross proceeds Commission payable to Titan Partners Securities LLC on each sale of shares
Prior Placement Agent fee 2.0% of aggregate gross proceeds Fee payable to Craft Capital Management LLC on each sale of shares for nine months
Fee period length Nine months Period starting on the date of the prospectus supplement during which Craft Capital receives its 2.0% fee
Shelf registration file number File No. 333-291260 Form S-3 shelf registration statement used for the at-the-market offering
Prospectus supplement date August 31, 2026 Date of the prospectus supplement governing the at-the-market offering
at-the-market offering financial
"entered into an at-the-market offering agreement (the “Offering Agreement”)"
An at-the-market offering is a method companies use to sell new shares of stock directly into the open market over time, rather than all at once. This allows them to raise money gradually, similar to selling small pieces of a product instead of a large batch. For investors, it means the company can access funding more flexibly, but it may also increase the supply of shares and influence the stock’s price.
shelf registration statement regulatory
"pursuant to a shelf registration statement on Form S-3"
A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.
prospectus supplement regulatory
"as supplemented by a prospectus supplement dated August 31, 2026"
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.
commercially reasonable efforts financial
"Titan will use commercially reasonable efforts consistent with its normal trading"
indemnification and contribution regulatory
"has agreed to provide Titan with customary indemnification and contribution rights"
Offering Type ATM

FAQ

What capital raise did NextTrip, Inc. (NTRP) announce in this 8-K?

NextTrip, Inc. entered into an at-the-market offering agreement with Titan Partners Securities LLC, enabling the company to sell up to $6,500,000 of its common stock from time to time under its existing Form S-3 shelf registration and an August 31, 2026 prospectus supplement.

How will Titan Partners Securities LLC be compensated in the NTRP ATM program?

Titan Partners Securities LLC will receive a 3.5% commission on the aggregate gross proceeds from each sale of NextTrip’s shares under the at-the-market program, and NextTrip will also reimburse Titan for specified expenses associated with entering into the offering agreement.

What role does Craft Capital Management LLC have in NextTrip’s (NTRP) new ATM offering?

Craft Capital Management LLC, a prior placement agent, agreed to waive its exclusivity for offerings of NextTrip’s securities in connection with this ATM. In return, it will receive a 2.0% fee on the aggregate gross proceeds from each share sale during the nine months starting on the prospectus supplement date.

Is NextTrip (NTRP) required to sell the full $6.5 million of stock under the ATM?

No. NextTrip is not obligated to make any sales under the at-the-market offering agreement. Shares may be sold from time to time at the company’s discretion, and the program will end when all authorized shares are sold or the agreement is otherwise terminated.

Under what registration does NextTrip (NTRP) conduct this at-the-market offering?

The at-the-market offering of up to $6,500,000 in common stock is conducted under a Form S-3 shelf registration statement, File No. 333-291260, initially filed November 4, 2025 and declared effective December 8, 2025, as supplemented by a prospectus supplement dated August 31, 2026.

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false 0000788611 0000788611 2026-08-31 2026-08-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): August 31, 2026

 

NextTrip, Inc.

(Exact name of Registrant as Specified in Its Charter)

 

Nevada   001-38015   27-1865814

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

1560 Sawgrass Corporate Parkway, Suite 400    
Sunrise, Florida   33323
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (505) 438-2576

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, par value $0.001 per share   NTRP   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 1.01 Entry into a Material Definitive Agreement

 

On August 31, 2026, NextTrip, Inc. (the “Company”), entered into an at-the-market offering agreement (the “Offering Agreement”) with Titan Partners Securities LLC, as agent (“Titan”), pursuant to which the Company may offer and sell, from time to time through Titan shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), having an aggregate offering price of up to $6,500,000 (the “Shares”).

 

The offer and sale of the Shares will be made pursuant to a shelf registration statement on Form S-3 and the related prospectus (File No. 333- 291260) initially filed by the Company with the Securities and Exchange Commission (the “SEC”) on November 4, 2025 and declared effective by the SEC on December 8, 2025, as supplemented by a prospectus supplement dated August 31, 2026 (the “Prospectus Supplement”) and filed with the SEC pursuant to Rule 424(b) under the Securities Act of 1933, as amended (the “Securities Act”).

 

Pursuant to the Offering Agreement, Titan may sell the Shares by any method permitted by law deemed to be an “at the market offering” as defined in Rule 415 of the Securities Act, including sales made by means of ordinary brokers’ transactions, including on The Nasdaq Capital Market, at market prices or as otherwise agreed with Titan. Titan will use commercially reasonable efforts consistent with its normal trading and sales practices to sell the Shares from time to time, based upon instructions from the Company, including any price or size limits or other customary parameters or conditions the Company may impose.

 

The Company is not obligated to make any sales of the Shares under the Offering Agreement. The offering pursuant to the Offering Agreement will terminate upon the earlier of (i) the issuance and sale of all Shares, subject to the Offering Agreement, or (ii) the termination of the Offering Agreement as permitted therein.

 

The Company will pay Titan a commission rate equal to 3.5% of the aggregate gross proceeds from each sale of Shares and has agreed to provide Titan with customary indemnification and contribution rights. In addition, the Company is party to an engagement agreement with Craft Capital Management LLC (the “Prior Placement Agent”), pursuant to which, among other things, the Prior Placement Agent was granted certain exclusive rights to act as placement agent for offerings of the Company’s securities. The Prior Placement Agent has agreed to waive such exclusivity with respect to the offer and sale of the shares of our common stock under the Offering Agreement and the Prospectus Supplement in consideration of a fee equal to 2.0% of the aggregate gross proceeds received by the Company from each sale of the Shares during the nine months commencing on the date of the Prospectus Supplement. The Company will also reimburse Titan for certain specified expenses in connection with entering into the Offering Agreement.

 

The Offering Agreement contains customary representations and warranties and conditions to the sale of the Shares pursuant thereto.

 

The foregoing description of the Offering Agreement is not complete and is qualified in its entirety by reference to the full text of such agreement, a copy of which is filed herewith as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

This Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy the Common Stock discussed herein, nor shall there be any offer, solicitation, or sale of common stock in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

 

Cautionary Statement Regarding Forward-Looking Statements

 

This Current Report on Form 8-K includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but not are not limited to, statements regarding the ability to sell shares and raise additional funds pursuant to the Offering Agreement. Such statements involve risks and uncertainties that could cause the Company’s actual results and financial position to differ materially. These risks and uncertainties include uncertainties associated with market conditions and the satisfaction of pre-sale conditions under the Offering Agreement, and other risks described under the heading “Risk Factors” in the Company’s SEC Filings on Form 10-K and Form 10-Q. The Company assumes no responsibility to update or revise any forward-looking statements to reflect events, trends or circumstances after the date hereof.

 

Item 9.01 Financial Statements and Exhibits

 

(d) Exhibits. The following exhibits are filed herewith

 

Exhibit Number   Description
1.1   At the Market Offering Agreement, dated August 31, 2026, by and between NextTrip, Inc. and Titan Partners Securities LLC.
5.1   Opinion TroyGould PC
23.1   Consent of TroyGould PC (included in Exhibit 5.1).
104   Cover page Interactive Data File (embedded within the inline XBRL Document)

 

2

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  NEXTTRIP, INC.
     
Date: August 31, 2026 By: /s/ William Kerby
  Name: William Kerby
  Title: Chief Executive Officer

 

3

Filing Exhibits & Attachments

8 documents