NextTrip closes on 49% stake in Five Star Alliance

NextTrip (NTRP) announced it has closed its previously announced acquisition of a 49% stake in Five Star Alliance, a premier luxury travel agency. As part of the transaction, NextTrip has secured an option to acquire full ownership of Five Star on or before April 7, 2025, subject to certain conditions. The acquisition was funded through a combination of cash on hand and NextTrip shares, with terms based on the November 2024 Letter of Intent. The acquisition is expected to be accretive to earnings, leveraging shared technology, supplier relationships, and customer networks to drive growth.