NextTrip, Inc. (NTRP) Form 424B5 — Aug 31, 2026
NextTrip, Inc. filed a prospectus supplement establishing an at-the-market program to sell up to $6,500,000 of common stock through Titan Partners Securities LLC, which earns a 3.5% commission, with former placement agent Craft Capital Management receiving an additional 2.0% fee on sales for nine months. The stock last closed at $1.27 on Nasdaq on August 24, 2026, down from $3.85 in November 2025. If the full program is sold at the assumed $1.27 price, roughly 5,118,110 new shares would lift shares outstanding from 15,086,101 to about 20,204,211, a roughly 34% increase, generating about $6,065,900 in net proceeds and diluting new investors $1.08 per share.
Key figures
- Revenue
- Approximately $0.5 million for FY ended Feb 28, 2025 and $0.90 million for six months ended Aug 31, 2025 (vs $0.34 million prior-year period)
- Debt Amount
- 4600000
- Gross Proceeds
- 6500000
- Offering Price
- 1.27
- Shares Offered
- 5118110
- Shares Outstanding
- 15086101
- Shelf capacity
- $75 million
- Max program size
- 6500000
- Assumed sale price
- 1.27
- Assumed shares sold
- 5118110
- Lind warrant shares
- 1030928
- Options outstanding
- 939,825 shares at $4.35 weighted average exercise price
- Agent commission pct
- 3.5
- Non affiliate shares
- 9267884
- Prior close nov 2025
- 3.85
- Warrants outstanding
- 6,047,861 shares at $4.05 weighted average exercise price
- Note conversion shares
- 2,371,135 shares at $3.88 initial conversion price
- Stockholders of record
- 7473
- Prior agent tail fee pct
- 2
- Lind note funding received
- 4000000
- Non affiliate market value
- 19925951
- Estimated offering expenses
- 41600
- Preferred conversion shares
- 153673
- Pro forma ntbv after full sale
- $3.7 million / $0.19 per share
- Agent expense reimbursement cap
- 35000
- Dilution per share new investors
- 1.08
- Estimated net proceeds full sale
- 6065900
- Net tangible book value may 2026
- $(2.4) million / $(0.16) per share
- Shares outstanding after offering
- 20204211
Price after filing
Close on the filing date to close N calendar days later (from $1.43). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.