IPO - NextTrip, Inc.

Form Type: S-1

Filing Date: 2025-06-20

Corporate Action: Ipo

Type: New

Accession Number: 000164117225015881

Filing Summary: NextTrip, Inc., a technology-driven travel company, filed a registration statement for an IPO on June 20, 2025, under the Securities Act of 1933. The company aims to raise funds through the public offering of shares of common stock, specifically targeting a total of 2,366,056 shares. The funds will primarily be generated from selling stockholders, with NextTrip not expecting to receive any proceeds from this offering, although it will benefit from share sales to Alumni Capital LP under a previously established Securities Purchase Agreement. The NXT2.0 platform, which integrates booking and media functions, highlights NextTrip's strategy to offer customized leisure and business travel experiences, focusing on operational growth and scalability. Despite generating modest revenues of approximately $0.5 million in FY 2025 and facing substantial operating challenges, NextTrip continues to innovate with its proprietary travel booking technology and improve its inventory through strategic supplier partnerships. The filing indicates the business is in a developmental stage, with a net loss expectation and plans for significant capital investment to bolster marketing efforts and expand its customer base.