NextTrip chairman converts $3.5 million debt into preferred equity at $3.88 per share

• NextTrip chairman Don Monaco converted about $3.5 million of revolving credit facility debt into preferred equity.
• Preferred equity is convertible into common stock at USD 3.88 per share, subject to the security’s terms.
• Conversion removes the related debt obligation, shifting Monaco’s position to a long-term equity stake.
• Management signaled a pivot from buy-and-build toward execution, monetization, revenue growth, scale.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NextTrip Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202609010801ACCESSWRNAPR_____1214704) on September 01, 2026, and is solely responsible for the information contained therein.