NextTrip, Inc. announced a private placement financing of $3 million.
The financing includes the issuance of 1,000,000 shares of common stock and warrants to purchase an additional 1,000,000 shares.
The offering is expected to close on or about December 23, 2025.
Private Placement Financing
NextTrip announced a private placement financing of $3 million with gross proceeds expected to be approximately $3 million.
Exclusive Placement Agent
Ladenburg Thalmann & Co. Inc. is acting as the exclusive placement agent for the offering.
Warrants Details
The warrants have an exercise price of $3.43 per share, will be exercisable six months from issuance, and have a term of four years.
- The financing will provide NextTrip with additional working capital for general corporate purposes.
- The completion of this private placement brings the total equity raised by the Company to $5 million.
NextTrip's private placement financing signifies a strategic move to boost its financial resources and support its operational activities in the travel and media industry.