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NextTrip Secures $3 Million Line of Credit from Chairman to Support Growth and Operations

1. NTRP secured a $3 million line of credit from its Chairman. 2. Funding aims to support growth and operational plans through 2025.

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FAQ

Why Bullish?

Access to a line of credit enhances liquidity, supporting growth initiatives. Past funding boosts have correlated with positive stock performance, exemplified by industry peers like TripAdvisor.

How important is it?

The credit facility increases operational flexibility, crucial for upcoming initiatives. This is particularly relevant for investor confidence and potential revenue generation.

Why Short Term?

Immediate availability of capital may quickly influence operational expansion. Similar funding events often show immediate effects within quarters.

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TRIPEXPE
New Facility Provides Enhanced Financial Flexibility to Achieve Near-Term Strategic Initiatives and Growth Opportunities in 2025 SANTA FE, NEW MEXICO / ACCESS Newswire / May 8, 2025 / NextTrip, Inc. (NASDAQ:NTRP) ("NextTrip," "we," "our," or the "Company"), a technology-forward travel company redefining how people discover, plan, and book travel, today announced it 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.

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