NextTrip SEC Filings

NextTrip, Inc. director Andrew Jay Kaplan reported indirect restructuring-type transactions involving securities held by KC Global Media Asia LLC. The filing shows 16,667 shares of Series A Nonvoting Convertible Preferred Stock at $3.00 per share, each convertible into one share of common stock after shareholder approval, and 8,333 associated warrants exercisable at $3.00 per share. In total, these positions represent 25,000 shares of common stock on an as-converted basis. The transactions are coded as “other acquisition or disposition” and Kaplan disclaims beneficial ownership beyond his pecuniary interest.

NextTrip, Inc. filed a current report to share a press release announcing three senior media appointments to support its JOURNY streaming network and broader content-to-commerce strategy. The company named Casey D’Ambra as Vice President of Media & Distribution and Assaf Blecher and Nir Haklili as Managing Directors of NextTrip Media.

The release highlights JOURNY’s global expansion, including the GoUSA TV asset acquisition and a KC Global Media joint venture, and notes that monthly advertising impressions have grown from about 1 million to roughly 6 million, with expectations of approximately 50–60 million later this year.

NextTrip, Inc. approved a new employment agreement for Chief Financial Officer Frank Orzechowski. The deal, effective retroactively to February 10, 2026, sets an annual base salary of $250,000, plus a one-time equity bonus of 10,000 shares under the 2023 Equity Incentive Plan and a guaranteed $13,500 cash bonus for 2026.

From September 1, 2025 through March 31, 2026, $50,000 of the base salary will be paid in fully vested common shares based on the closing price on February 10, 2026. The agreement runs month-to-month and provides six months of severance if he is involuntarily terminated or resigns for good reason, and allows for additional performance-based bonuses and future equity awards.

NextTrip, Inc. has signed an agreement with J. Bradley Hilton’s Hilton Advisory Group to help accelerate its premium wellness and experiential travel products across its JOURNY.tv and Five Star Alliance platforms. Hilton will work with management on programming, content, and media-to-commerce initiatives.

The collaboration focuses on developing repeatable wellness and longevity programs, packaging content-to-commerce itineraries, promoting premium offerings across NextTrip’s media network, and aligning strategic partners for distribution and experiential travel execution, supporting NextTrip’s integrated “Watch. Scan. Book. Go.” travel and media ecosystem.

NextTrip, Inc. announced that its global travel network JOURNY has committed production on an all-new, eight-episode wedding series titled "I DO: In Destination," hosted by former "The Bachelor" star Ben Higgins. Each hour-long episode follows a real couple through the final week of their destination wedding at luxury all-inclusive resorts in Mexico and the Caribbean.

The series is designed as a JOURNY Original that ties emotional, creator-led storytelling to NextTrip’s content-to-commerce ecosystem, including its TA Pipeline group travel platform for destination weddings. "I DO: In Destination" is expected to premiere across JOURNY’s expanding FAST and VOD network, with NextTrip’s combined media footprint projected to reach approximately 250 million viewers in 2026.

NextTrip, Inc. filed a current report to share an update on its media and travel strategy. The company highlighted progress in its joint venture with KC Global Media to launch and scale the JOURNY travel‑lifestyle channel across India, Southeast Asia, and Australia/New Zealand.

NextTrip has completed the core technology build for JOURNY and, through KC Global Media, moved into the distribution and marketing phase, including regional road shows and early discussions with FAST and pay‑TV platforms. The company also reported the recent closing of its acquisition of the GoUSA travel channel and content, which adds a large destination‑focused library and an established global audience.

Management states that combining JOURNY’s expansion with the GoUSA platform is expected to give JOURNY a potential cumulative reach of about 250 million viewers worldwide and deepen its content‑to‑commerce model that links video travel inspiration with online booking across thousands of premium hotels, resorts, and curated itineraries.

NextTrip, Inc. entered into an Asset Purchase Agreement to acquire select content, brand rights and distribution assets of the GoUSA TV travel streaming platform from The Corporation for Travel Promotion, doing business as Brand USA. The deal closed on February 2, 2026.

The company will pay $350,000 in cash plus restricted shares valued at $350,000, based on the weighted average share price over twenty trading days before closing. NextTrip will also pay a 15% royalty on gross advertising revenue from existing GoUSA TV FAST channel content for three years, and a 1% royalty for every $100,000 in destination booking revenue directly attributed to the acquired and related content, with a minimum of $30,000 per quarter.

The restricted shares were issued in a private, unregistered transaction relying on Section 4(a)(2) and/or Regulation D exemptions under the Securities Act, and are characterized as restricted securities under Rule 144.

NextTrip, Inc. reports sharp growth in its travel and media platform but continues to post sizable losses. For the nine months ended November 30, 2025, revenue rose to $2,096,605 from $417,926 a year earlier, while the net loss widened to $10,630,953 from $5,522,631.

Operating expenses more than doubled to $11,349,353, driven by professional fees, organization costs, technology spending and non‑cash stock-based compensation. Cash used in operating activities was $2,450,860, partly funded by $5,567,960 of financing inflows and $1,752,168 of investing outflows, including acquisitions.

Total assets increased to $14,424,933 as the company completed the FSA Travel, TA Pipeline and JOURNY.tv transactions, raising goodwill to $3,123,684 and intangible assets to $3,809,004. However, liabilities climbed to $8,149,753, the company disclosed a working capital deficit, an accumulated deficit of $45,239,191, and explicitly stated there is substantial doubt about its ability to continue as a going concern without additional funding.