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Live News EQUITY ARTICLE L impact

NextTrip chairman converts $3.5M debt into long-term preferred equity

NextTrip co-founder and chairman Don Monaco converted about $3.5 million of company indebtedness into preferred equity convertible at $3.88 per common share.

NTRP

Co-Founder and Chairman Don Monaco converts Company indebtedness into preferred equity convertible at $3.88 per common shareInvestment reflects continued support from NextTrip insiders and core founding investors as Company transitions from its buy-and-build phase to execution, monetization and sca…