NextTrip secures $3M line of credit from chairman

NextTrip (NTRP) has secured a $3 million revolving line of credit from its Chairman to support the Company’s ongoing growth and operational plans. The facility, which carries a two-year term, is expected to be used for general working capital purposes. The Company believes this funding mechanism provides meaningful financial flexibility to support critical near-term initiatives and minimize the need for potential shareholder dilution. The Company intends to use drawdowns to accelerate marketing efforts across NextTrip’s travel booking and media channels, support key product launches, and fund the continued development and integration of its technology platform and recent acquisitions. The line of credit is also expected to support targeted revenue-generating projects and strategic growth opportunities throughout 2025.