NextTrip raises up to $4.6 million via senior secured convertible note with Lind Global Fund III

NTRP•2026-07-22

Conversion terms and planned use of proceeds

The note carries a fixed conversion price of $3.88 per share.

Proceeds are earmarked for platform commercialization, the NextTrip Pro rollout, working capital, and debt reduction to simplify the capital structure.

NextTrip enters senior secured convertible note deal

NextTrip set an 18-month senior secured convertible note with Lind Global Fund III for up to $4.6 million.

The structure allows full cash repayment of principal and interest, limiting the need for share issuance.

Sources

NextTrip raises up to $4.6 million via senior secured convertible note with Lind Global Fund III

Sec

NextTrip raises up to $4.6 million via senior secured convertible note with Lind Global Fund III

Conversion terms and planned use of proceeds

NextTrip enters senior secured convertible note deal

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Sources

NextTrip raises up to $4.6 million via senior secured convertible note with Lind Global Fund III

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