NextTrip, Inc. has completed its acquisition of FSA Travel, LLC, as announced by the company. Initially, on February 10, 2025, NextTrip acquired a 49% stake in FSA by purchasing 9,608 membership units in exchange for $500,000 in cash and 161,291 shares of Series O Nonvoting Convertible Preferred Stock. Subsequently, NextTrip exercised its option to purchase the remaining 51% of FSA, finalizing the acquisition on the Final Closing Date. This involved an additional payment of $500,000 in cash and the issuance of another 161,291 shares of Series O Preferred Stock. As of the Final Closing, FSA became a wholly owned subsidiary of NextTrip. By April 28, 2025, NextTrip had also fulfilled its obligation to pay an additional $400,000 and issue 120,967 shares of Series O Preferred stock upon achieving agreed milestones.
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