Item 1.01 Entry into a Material Definitive Agreement On August 31, 2026, NextTrip, Inc. (the “Company”), entered into an at-the-market offering agreement (the “Offering Agreement”) with Titan Partners Securities LLC, as agent (“Titan”), pursuant to which the Company may offer and sell, from time to time through Titan shares of the Company’s common stock, par value $0.001 per share (the “Common Sto…
Filed Aug 31, 2026Accepted Aug 31, 2026, 5:11 PM EDTCIK 788611Accession 0001493152-26-040859
NextTrip is an early-stage, technology-driven travel company developing an integrated travel booking and media platform designed to connect leisure, group and business travelers to the world. Our travel booking platform is powered by our proprietary NXT2.0 booking engine, which offers extensive inventory, supporting both travelers and distributors with a platform for curating personalized experiences and efficient trip planning and booking. We market our travel services through several core brands including NextTrip Vacations (direct-to-consumer leisure travel), Five Star Alliance (luxury and cruise bookings) and NextTrip Business (small-to-mid-sized corporate travel) and differentiate our platform through specialty features, including specialized widgets for groups (the “Groups Platform”) and travel agents (the “Travel Agent Platform”) and PayDlay, a delayed payment booking option. Complementing our booking engine are our media properties, including Journy.tv and Travel Magazine, which provide destination content that we believe will drive high-intention traffic into our booking funnel and, over time, constitute a separate high-margin advertising revenue stream.
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Item 1.01Item 1.01 - Entry into Material Agreement
Item
1.01 Entry into a Material Definitive Agreement
On
August 31, 2026, NextTrip, Inc. (the “Company”), entered into an at-the-market offering agreement (the “Offering Agreement”)
with Titan Partners Securities LLC, as agent (“Titan”), pursuant to which the Company may offer and sell, from time to time
through Titan shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), having an aggregate
offering price of up to $6,500,000 (the “Shares”).
The
offer and sale of the Shares will be made pursuant to a shelf registration statement on Form S-3 and the related prospectus (File No.
333- 291260) initially filed by the Company with the Securities and Exchange Commission (the “SEC”) on November 4, 2025 and
declared effective by the SEC on December 8, 2025, as supplemented by a prospectus supplement dated August 31, 2026 (the “Prospectus
Supplement”) and filed with the SEC pursuant to Rule 424(b) under the Securities Act of 1933, as amended (the “Securities
Act”).
Pursuant
to the Offering Agreement, Titan may sell the Shares by any method permitted by law deemed to be an “at the market offering”
as defined in Rule 415 of the Securities Act, including sales made by means of ordinary brokers’ transactions, including on The
Nasdaq Capital Market, at market prices or as otherwise agreed with Titan. Titan will use commercially reasonable efforts consistent
with its normal trading and sales practices to sell the Shares from time to time, based upon instructions from the Company, including
any price or size limits or other customary parameters or conditions the Company may impose.
The
Company is not obligated to make any sales of the Shares under the Offering Agreement. The offering pursuant to the Offering Agreement
will terminate upon the earlier of (i) the issuance and sale of all Shares, subject to the Offering Agreement, or (ii) the termination
of the Offering Agreement as permitted therein.
The
Company will pay Titan a commission rate equal to 3.5% of the aggregate gross proceeds from each sale of Shares and has agreed to provide
Titan with customary indemnification and contribution rights. In addition, the Company is party to an engagement agreement with Craft
Capital Management LLC (the “Prior Placement Agent”), pursuant to which, among other things, the Prior Placement Agent was
granted certain exclusive rights to act as placement agent for offerings of the Company’s securities. The Prior Placement Agent
has agreed to waive such exclusivity with respect to the offer and sale of the shares of our common stock under the Offering Agreement
and the Prospectus Supplement in consideration of a fee equal to 2.0% of the aggregate gross proceeds received by the Company from each
sale of the Shares during the nine months commencing on the date of the Prospectus Supplement. The Company will also reimburse Titan
for certain specified expenses in connection with entering into the Offering Agreement.
The
Offering Agreement contains customary representations and warranties and conditions to the sale of the Shares pursuant thereto.
The
foregoing description of the Offering Agreement is not complete and is qualified in its entirety by reference to the full text of such
agreement, a copy of which is filed herewith as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference.
This
Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy the Common Stock discussed herein,
nor shall there be any offer, solicitation, or sale of common stock in any state in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such state.
Cautionary
Statement Regarding Forward-Looking Statements
This
Current Report on Form 8-K includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of
1995. Such statements include, but not are not limited to, statements regarding the ability to sell shares and raise additional funds
pursuant to the Offering Agreement. Such statements involve risks and uncertainties that could cause the Company’s actual results
and financial position to differ materially. These risks and uncertainties include uncertainties associated with market conditions and
the satisfaction of pre-sale conditions under the Offering Agreement, and other risks described under the heading “Risk Factors”
in the Company’s SEC Filings on Form 10-K and Form 10-Q. The Company assumes no responsibility to update or revise any forward-looking
statements to reflect events, trends or circumstances after the date hereof.