[8-K] NextTrip, Inc. Reports Material Event
NextTrip acquired TAPipeline, which is now a wholly owned subsidiary. The company paid $443,169 in cash (including an $118,169 estimated purchase price adjustment) and issued 96,774 restricted shares valued at $300,000 based on a $3.10 per-share price. The purchase price includes an adjustment mechanism tied to the seller's reported deficit and an earnout equal to 5% of TA's net revenues for 12 months after closing, capped at $200,000, payable 50% cash and 50% restricted stock.
The agreement gives sellers one-time protections if the stock trades below $3.10 (repurchase, top-up shares, or cash shortfall payments) during a defined exercise period, and imposes three-year restrictive covenants including non-compete and non-solicit obligations. The full Purchase Agreement is filed as an exhibit.
NextTrip ha acquisito TAPipeline, che ora 猫 una controllata interamente posseduta. La societ脿 ha pagato $443,169 in contanti (incluso un $118,169 di adeguamento stimato del prezzo di acquisto) e ha emesso 96,774 azioni soggette a restrizioni valutate $300,000 sulla base di un prezzo di $3.10 per azione. Il prezzo di acquisto prevede un meccanismo di adeguamento legato al disavanzo riportato dal venditore e un earnout pari al 5% dei ricavi netti di TA per 12 mesi dopo la chiusura, con un tetto di $200,000, pagabile 50% in contanti e 50% in azioni soggette a restrizioni.
L'accordo riconosce ai venditori protezioni una tantum se il titolo scende sotto $3.10 (riacquisto, integrazione di azioni o pagamenti in contanti per coprire la differenza) durante un periodo di esercizio definito, e impone vincoli restrittivi per tre anni, inclusi obblighi di non concorrenza e di non sollecitazione. Il Purchase Agreement completo 猫 depositato come exhibit.
NextTrip adquiri贸 TAPipeline, que ahora es una subsidiaria de propiedad total. La compa帽铆a pag贸 $443,169 en efectivo (incluido un ajuste estimado del precio de compra de $118,169) y emiti贸 96,774 acciones restringidas valoradas en $300,000 seg煤n un precio de $3.10 por acci贸n. El precio de compra incluye un mecanismo de ajuste vinculado al d茅ficit informado por el vendedor y un earnout equivalente al 5% de los ingresos netos de TA durante 12 meses tras el cierre, con un tope de $200,000, pagadero 50% en efectivo y 50% en acciones restringidas.
El acuerdo otorga a los vendedores protecciones puntuales si la acci贸n cotiza por debajo de $3.10 (recompra, emisi贸n adicional de acciones o pagos en efectivo por d茅ficit) durante un periodo de ejercicio definido, e impone cl谩usulas restrictivas por tres a帽os que incluyen obligaciones de no competencia y de no solicitaci贸n. El Purchase Agreement completo se adjunta como exhibit.
NextTrip電� TAPipeline鞚� 鞚胳垬頄堨溂氅�, 頃措嫻 须岇偓电� 鞚挫牅 鞝勳暋 於滌瀽 鞛愴殞靷瀰雼堧嫟. 须岇偓电� $443,169鞚� 順勱笀(攴胳 $118,169鞚� 於旍爼 毵れ垬雽�旮� 臁办爼 韽暔)鞚� 歆�旮夗晿瓿�, 欤茧嫻 $3.10毳� 旮办鞙茧 韽夑皜霅� $300,000 靸侂嫻鞚� 96,774欤� 鞝滍暅欤检嫕鞚� 氚滍枆頄堨姷雼堧嫟. 毵るГ雽�旮堨棎電� 毵る弰鞚胳澊 氤搓碃頃� 鞝侅瀽鞐� 鞐半彊霅� 臁办爼 氅旍护雼堨瓿� 瓯半灅膦呹舶 頉� 12臧滌洈 霃欖晥鞚� TA 靾滊Г於滌潣 5%鞐� 頃措嫻頃橂姅 鞏胳晞鞗�(earnout)鞚� 韽暔霅橂┌, 靸來暅鞚� $200,000鞚搓碃 歆�旮夓潃 順勱笀 50% 氚� 鞝滍暅欤检嫕 50%搿� 鞚措（鞏挫雼堧嫟.
瓿勳暯鞚� 欤缄皜臧� $3.10 鞎勲灅搿� 瓯半灅霅� 瓴届毎(鞛Г鞛�, 欤检嫕 氤挫订 霕愲姅 順勱笀 氤挫爠 歆�旮� 霌�) 鞝曧暣歆� 頄夓偓旮瓣皠 霃欖晥 毵る弰鞚胳棎瓴� 鞚柬殞靹� 氤错樃毳� 鞝滉车頃橂┌, 3雲勱皠鞚� 鞝滍暅鞝� 鞎届爼(瓴届梾旮堨 氚� 瓿犼皾鞙犾澑旮堨 鞚橂 韽暔)鞚� 攵�瓿柬暕雼堧嫟. 鞝勳泊 Purchase Agreement電� 歃濌卑靹滊搿� 鞝滌稖霅橃柎 鞛堨姷雼堧嫟.
NextTrip a acquis TAPipeline, qui est d茅sormais une filiale d茅tenue en int茅gralit茅. La soci茅t茅 a vers茅 443 169 $ en esp猫ces (y compris un ajustement estim茅 du prix d'achat de 118 169 $) et a 茅mis 96 774 actions restreintes 茅valu茅es 脿 300 000 $ sur la base d'un prix de 3,10 $ par action. Le prix d'achat inclut un m茅canisme d'ajustement li茅 au d茅ficit d茅clar茅 par le vendeur et un earnout 茅gal 脿 5 % des revenus nets de TA pendant 12 mois apr猫s la cl么ture, plafonn茅 脿 200 000 $, payable 脿 50 % en esp猫ces et 脿 50 % en actions restreintes.
L'accord offre aux vendeurs des protections ponctuelles si le titre s'茅change en dessous de 3,10 $ (rachat, attribution compl茅mentaire d'actions ou paiements en esp猫ces pour combler l'茅cart) pendant une p茅riode d'exercice d茅finie, et impose des clauses restrictives de trois ans comprenant des obligations de non-concurrence et de non-sollicitation. L'int茅gralit茅 du Purchase Agreement est d茅pos茅e en annexe.
NextTrip hat TAPipeline 眉bernommen, das nun eine hundertprozentige Tochtergesellschaft ist. Das Unternehmen zahlte $443,169 in bar (einschlie脽lich einer gesch盲tzten Kaufpreisanpassung von $118,169) und gab 96,774 eingeschr盲nkte Aktien im Wert von $300,000 aus, basierend auf einem Preis von $3.10 pro Aktie. Der Kaufpreis beinhaltet einen Anpassungsmechanismus, der an das vom Verk盲ufer ausgewiesene Defizit gekoppelt ist, sowie ein Earn-out in H枚he von 5% von TAs Nettoumsatz f眉r 12 Monate nach Closing, begrenzt auf $200,000, zahlbar 50% in bar und 50% in eingeschr盲nkten Aktien.
Die Vereinbarung gew盲hrt den Verk盲ufern einmalige Schutzrechte, falls die Aktie w盲hrend eines definierten Aus眉bungszeitraums unter $3.10 gehandelt wird (R眉ckkauf, Aufstockung von Aktien oder Barausgleich) und auferlegt drei Jahre bindende Beschr盲nkungen, einschlie脽lich Wettbewerbs- und Abwerbeverboten. Der vollst盲ndige Purchase Agreement ist als Anlage eingereicht.
- TA became a wholly owned subsidiary, integrating the business into NextTrip's corporate structure.
- Consideration mix balances cash ($443,169) and equity (96,774 shares valued at $300,000), preserving cash while aligning sellers with future performance.
- Earnout aligns incentives: sellers earn 5% of net revenues for 12 months, capped at $200,000.
- Equity dilution from issuance of 96,774 restricted shares and potential Milestone Shares/Top Up Shares tied to earnout and repurchase/top-up mechanics.
- Contingent obligations if Fair Market Value falls below $3.10: company may need to repurchase shares, issue additional shares, or pay cash to make sellers whole.
- Purchase price adjustment exposure linked to the Members' reported Deficit (threshold referenced at $175,000), which can increase or decrease cash payable post-closing.
Insights
TL;DR: Acquisition funded with modest cash, equity and an earnout; seller protections may create contingent obligations.
The transaction consideration is explicit: $443,169 cash (including a $118,169 adjustment) plus 96,774 restricted shares valued at $300,000, and an earnout up to $200,000 tied to 5% of TA's next-12-month net revenues. The agreement includes a clear post-closing purchase price adjustment tied to the seller's reported deficit and one-time seller remedies if market value falls below the $3.10 base price. From an analytical perspective, the structure allocates risk between cash outflow, equity dilution and contingent earnout with documented contractual safeguards for sellers.
TL;DR: Classic small-scale tuck-in deal with mixed cash/equity consideration and customary restrictive covenants and indemnities.
The Purchase Agreement contains customary representations, warranties, covenants and indemnification provisions and secures three-year non-compete, non-solicit and confidentiality covenants from the sellers. Seller rights to require repurchase, top-up shares or cash to preserve the $3.10 base value create potential post-closing obligations the company must monitor during the exercise periods. The capped earnout (max $200,000) limits long-term contingent exposure while aligning incentives to grow TA's revenues in the milestone period.
NextTrip ha acquisito TAPipeline, che ora 猫 una controllata interamente posseduta. La societ脿 ha pagato $443,169 in contanti (incluso un $118,169 di adeguamento stimato del prezzo di acquisto) e ha emesso 96,774 azioni soggette a restrizioni valutate $300,000 sulla base di un prezzo di $3.10 per azione. Il prezzo di acquisto prevede un meccanismo di adeguamento legato al disavanzo riportato dal venditore e un earnout pari al 5% dei ricavi netti di TA per 12 mesi dopo la chiusura, con un tetto di $200,000, pagabile 50% in contanti e 50% in azioni soggette a restrizioni.
L'accordo riconosce ai venditori protezioni una tantum se il titolo scende sotto $3.10 (riacquisto, integrazione di azioni o pagamenti in contanti per coprire la differenza) durante un periodo di esercizio definito, e impone vincoli restrittivi per tre anni, inclusi obblighi di non concorrenza e di non sollecitazione. Il Purchase Agreement completo 猫 depositato come exhibit.
NextTrip adquiri贸 TAPipeline, que ahora es una subsidiaria de propiedad total. La compa帽铆a pag贸 $443,169 en efectivo (incluido un ajuste estimado del precio de compra de $118,169) y emiti贸 96,774 acciones restringidas valoradas en $300,000 seg煤n un precio de $3.10 por acci贸n. El precio de compra incluye un mecanismo de ajuste vinculado al d茅ficit informado por el vendedor y un earnout equivalente al 5% de los ingresos netos de TA durante 12 meses tras el cierre, con un tope de $200,000, pagadero 50% en efectivo y 50% en acciones restringidas.
El acuerdo otorga a los vendedores protecciones puntuales si la acci贸n cotiza por debajo de $3.10 (recompra, emisi贸n adicional de acciones o pagos en efectivo por d茅ficit) durante un periodo de ejercicio definido, e impone cl谩usulas restrictivas por tres a帽os que incluyen obligaciones de no competencia y de no solicitaci贸n. El Purchase Agreement completo se adjunta como exhibit.
NextTrip電� TAPipeline鞚� 鞚胳垬頄堨溂氅�, 頃措嫻 须岇偓电� 鞚挫牅 鞝勳暋 於滌瀽 鞛愴殞靷瀰雼堧嫟. 须岇偓电� $443,169鞚� 順勱笀(攴胳 $118,169鞚� 於旍爼 毵れ垬雽�旮� 臁办爼 韽暔)鞚� 歆�旮夗晿瓿�, 欤茧嫻 $3.10毳� 旮办鞙茧 韽夑皜霅� $300,000 靸侂嫻鞚� 96,774欤� 鞝滍暅欤检嫕鞚� 氚滍枆頄堨姷雼堧嫟. 毵るГ雽�旮堨棎電� 毵る弰鞚胳澊 氤搓碃頃� 鞝侅瀽鞐� 鞐半彊霅� 臁办爼 氅旍护雼堨瓿� 瓯半灅膦呹舶 頉� 12臧滌洈 霃欖晥鞚� TA 靾滊Г於滌潣 5%鞐� 頃措嫻頃橂姅 鞏胳晞鞗�(earnout)鞚� 韽暔霅橂┌, 靸來暅鞚� $200,000鞚搓碃 歆�旮夓潃 順勱笀 50% 氚� 鞝滍暅欤检嫕 50%搿� 鞚措（鞏挫雼堧嫟.
瓿勳暯鞚� 欤缄皜臧� $3.10 鞎勲灅搿� 瓯半灅霅� 瓴届毎(鞛Г鞛�, 欤检嫕 氤挫订 霕愲姅 順勱笀 氤挫爠 歆�旮� 霌�) 鞝曧暣歆� 頄夓偓旮瓣皠 霃欖晥 毵る弰鞚胳棎瓴� 鞚柬殞靹� 氤错樃毳� 鞝滉车頃橂┌, 3雲勱皠鞚� 鞝滍暅鞝� 鞎届爼(瓴届梾旮堨 氚� 瓿犼皾鞙犾澑旮堨 鞚橂 韽暔)鞚� 攵�瓿柬暕雼堧嫟. 鞝勳泊 Purchase Agreement電� 歃濌卑靹滊搿� 鞝滌稖霅橃柎 鞛堨姷雼堧嫟.
NextTrip a acquis TAPipeline, qui est d茅sormais une filiale d茅tenue en int茅gralit茅. La soci茅t茅 a vers茅 443 169 $ en esp猫ces (y compris un ajustement estim茅 du prix d'achat de 118 169 $) et a 茅mis 96 774 actions restreintes 茅valu茅es 脿 300 000 $ sur la base d'un prix de 3,10 $ par action. Le prix d'achat inclut un m茅canisme d'ajustement li茅 au d茅ficit d茅clar茅 par le vendeur et un earnout 茅gal 脿 5 % des revenus nets de TA pendant 12 mois apr猫s la cl么ture, plafonn茅 脿 200 000 $, payable 脿 50 % en esp猫ces et 脿 50 % en actions restreintes.
L'accord offre aux vendeurs des protections ponctuelles si le titre s'茅change en dessous de 3,10 $ (rachat, attribution compl茅mentaire d'actions ou paiements en esp猫ces pour combler l'茅cart) pendant une p茅riode d'exercice d茅finie, et impose des clauses restrictives de trois ans comprenant des obligations de non-concurrence et de non-sollicitation. L'int茅gralit茅 du Purchase Agreement est d茅pos茅e en annexe.
NextTrip hat TAPipeline 眉bernommen, das nun eine hundertprozentige Tochtergesellschaft ist. Das Unternehmen zahlte $443,169 in bar (einschlie脽lich einer gesch盲tzten Kaufpreisanpassung von $118,169) und gab 96,774 eingeschr盲nkte Aktien im Wert von $300,000 aus, basierend auf einem Preis von $3.10 pro Aktie. Der Kaufpreis beinhaltet einen Anpassungsmechanismus, der an das vom Verk盲ufer ausgewiesene Defizit gekoppelt ist, sowie ein Earn-out in H枚he von 5% von TAs Nettoumsatz f眉r 12 Monate nach Closing, begrenzt auf $200,000, zahlbar 50% in bar und 50% in eingeschr盲nkten Aktien.
Die Vereinbarung gew盲hrt den Verk盲ufern einmalige Schutzrechte, falls die Aktie w盲hrend eines definierten Aus眉bungszeitraums unter $3.10 gehandelt wird (R眉ckkauf, Aufstockung von Aktien oder Barausgleich) und auferlegt drei Jahre bindende Beschr盲nkungen, einschlie脽lich Wettbewerbs- und Abwerbeverboten. Der vollst盲ndige Purchase Agreement ist als Anlage eingereicht.
FAQ
What did NextTrip (NTRP) pay to acquire TAPipeline?
Is there an earnout or additional contingent payment in the deal?
Do sellers have protections if NextTrip's stock falls below the deal price?
Are the issued shares registered under the Securities Act?
What post-closing restrictions apply to the sellers?
