Nexttrip strengthens financial position with the conversion of $2.6 million in short-term debt to restricted equity before its fiscal year-end

Provides for a stronger balance sheet and greater financial flexibility to focus on scaling innovative travel solutions santa fe, nm / access newswire / february 28, 2025 / nexttrip, inc. (nasdaq:ntrp) ("nexttrip," "we," "our," or the "company"), a leading travel technology company, announced today the conversion of $2.6 million in short-term debt, including $1.5 million previously advanced by the company's chairman and ceo. these loans were converted into restricted equity ahead of completion of the company's fiscal year-ended february 28, 2025.
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