
Co-Founder and Chairman Don Monaco converts Company indebtedness into preferred equity convertible at $3.88 per common share Investment reflects continued support from NextTrip insiders and core founding investors as Company transitions from its buy-and-build phase to execution, monetization and scale SUNRISE, FL / ACCESS Newswire / September 1, 2026 / NextTrip, Inc. (NASDAQ:NTRP) ("NextTrip," the "Company," "we," "our," or "us"), a technology-forward travel and media company operating at the intersection of media and travel, today announced that Co-Founder and Chairman Don Monaco has converted approximately $3.5 million of indebtedness outstanding under a revolving credit facility he previously provided to the Company into preferred equity of NextTrip, convertible into common stock at a conversion price of $3.88 per share, subject to the terms of the preferred security. The revolving credit facility was established in 2025 and provided NextTrip with working and growth capital as the Company pursued its acquisition, technology development and platform expansion strategy.










