NextTrip Inc. has announced it entered into a securities purchase agreement with Charcoal Investments Ltd. on November 21, 2025. Under the agreement, NextTrip issued and sold 333,334 restricted shares of common stock and warrants to purchase an additional 166,667 shares, raising a total of $1,000,000. The warrants have a three-year term and an exercise price of $3.00 per share, and may be exercised on a cashless basis. The securities were sold in a private placement exempt from registration under the Securities Act of 1933, relying on Section 4(a)(2) and/or Regulation D. NextTrip plans to use the proceeds for working capital and general corporate purposes.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NextTrip Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-025391), on November 28, 2025, and is solely responsible for the information contained therein.
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