Business
NextTrip Announces Pricing of Private Placement Financing of $3 Million
SANTA FE, NEW MEXICO / ACCESS Newswire / December 22, 2025 / NextTrip, Inc. (NASDAQ:NTRP) ("NextTrip," "we," "our," or the "Company"), a technology-forward travel and media company defining the intersection of Media and Travel, today announced that ...
About this update from Nexttrip, Inc.
[{"type":"text","content":"SANTA FE, NEW MEXICO / ACCESS Newswire / December 22, 2025 / NextTrip, Inc. (NASDAQ:NTRP) ("NextTrip," "we," "our," or the "Company"), a technology-forward travel and media company defining the intersection of Media and Travel, today announced that it has entered into a definitive agreement for the issuance and sale of securities in a private placement for aggregate gross proceeds of approximately $3 million.","length":452,"tagName":"p"},{"type":"text","content":"Ladenburg Thalmann & Co. Inc. is acting as the exclusive placement agent for the offering.","length":94,"tagName":"p"},{"type":"text","content":"The offering consisted of an aggregate of 1,000,000 shares of the Company's common stock and warrants to purchase an additional 1,000,000 shares of common stock. The warrants will have an exercise price of $3.43 per share, will be exercisable six months from the date of issuance, and will have a term of four years from the initial exercise date. The securities issued in the offering are fixed priced and do not contain any variable repricing or exchange features. The offering is expected to close on or about December 23, 2025, subject to the satisfaction of customary closing conditions.","length":596,"tagName":"p"},{"type":"text","content":"The gross proceeds from the offering, before deducting the placement agent's fees and other offering expenses payable by the Company, are expected to be approximately $3 million. As previously disclosed during November and December the Company completed a $2 million private placement bringing the total equity raised to $5 million. The Company intends to use the net proceeds for working capital and general corporate purposes.","length":432,"tagName":"p"},{"type":"text","content":"The shares and warrants described above are being issued in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act"), and Regulation D promulgated thereunder and, along with the shares issuable upon exercise of the warrants, have not been registered under the Securities Act, or applicable state securities laws. Accordingly, the shares, the warrants and shares issuable upon exercise of the warrants may not be offered or sold in the United States except pursuant to an effective registration statement or an app...