Andrew Jay Kaplan, a director at NextTrip, Inc. (), indirectly acquired 18,182 shares of the company’s common stock for a total value of $50,000 on May 8, 2026. The transaction was executed through KC Global Media Asia LLC, an entity where Mr. Kaplan serves as Chairman.
The common stock was purchased at a price of $2.75 per share, notably above the current trading price of $2.48. This acquisition was part of a private Securities Purchase Agreement between NextTrip and KC Global Media Asia LLC, where the entity purchased both common stock and warrants for a combined price of $50,000. The timing of this insider purchase comes as the stock has declined 44% over the past six months, according to InvestingPro data, which currently rates the company as overvalued relative to its Fair Value analysis. Following this transaction, KC Global Media Asia LLC holds 51,582 shares of NextTrip common stock.
In the same agreement, KC Global Media Asia LLC also acquired 9,091 warrants to purchase common stock, with an exercise price of $3.00 per share. These warrants allow for the purchase of an equal number of common stock shares and have an expiration date of May 8, 2029. After this acquisition, KC Global Media Asia LLC holds 129,124 warrants.
Mr. Kaplan also indirectly holds 36,250 shares of NextTrip common stock through the Kaplan Wright Family Trust, where he serves as trustee. Mr. Kaplan disclaims beneficial ownership of securities held by KC Global Media Asia LLC and the Kaplan Wright Family Trust in excess of his pecuniary interest.
In other recent news, NextTrip, Inc. has announced several strategic initiatives aimed at enhancing its travel platform. The company has partnered with Copperhead AI to develop a tokenized rewards program using the QSTAK digital securities exchange. This initiative is intended to boost user engagement and generate additional revenue streams without issuing new equity shares. Additionally, NextTrip has launched its AI-powered travel booking platform globally, integrating artificial intelligence across its JOURNY streaming television properties and digital platforms. The new system, JOURNYGO, enables users to book travel directly from streaming content by converting destination programming into bookable itineraries. Furthermore, NextTrip has signed an advisory deal with J. Bradley Hilton’s Hilton Advisory Group to support the development of premium wellness programming and experiential travel offerings. J. Bradley Hilton brings extensive experience from his career with Hilton Hotels Corporation and his current role as Chairman of the Hilton Family Office. These recent developments reflect NextTrip’s commitment to innovation and strategic growth in the travel industry.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Leave a comment