NextTrip entered into a financing agreement with Lind Global Fund III to receive $4.0 million in cash in exchange for a $4.6 million senior secured convertible note and a five-year warrant. The note amortizes over 14 months with no interest, is convertible at $3.88 per share, and allows monthly repayments in cash or stock subject to conditions. The warrant covers 1,030,928 shares at $3.88 and can be exercised cashlessly if no effective registration is available. The note is secured by a first-priority lien on all assets and includes customary covenants and an ownership cap.
Agreement details:
- Agreement type: Senior secured convertible note financing with accompanying warrant
- Counterparty: Lind Global Fund III
- Signed / Effective: Jul 21 2026 / same
- Duration / Termination: 14 months
- Reason: Enhance liquidity and fund operations
Original SEC Filing:
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