NTRP on Nasdaq

NextTrip, Inc.

NextTrip, Inc. is a transportation services company that raised $2.6 million in 2024 (SEC Form D).1 It is headquartered in Sunrise, Florida.1 Its shares trade on Nasdaq under the symbol NTRP.1

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Last updated Oct 20, 2026.

Overview

$3.7MRevenue, fiscal 20262
-$15.9MNet income, fiscal 20262

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  • TickerNTRP on Nasdaq1
  • IndustryTransportation Services1
  • HeadquartersSunrise, Florida1
  • Business address1560 Sawgrass Corporate Parkway, Suite 400, Sunrise, Fl3
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation

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Travel segment offerings span leisure, luxury, cruise, group, and business travel. Key product offerings include:5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

17.6%Gross margin2
-440.5%Operating margin2
-428.3%Net margin2
641.0%Revenue growth, 20262
-296.1%Return on equity2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Travel brought in 97% of the revenue NextTrip, Inc. broke down this way in fiscal 2026.

  1. Travel$3.6M297%up 622% from 2025
  2. Media$94.7K23%
Business segments by year
Business segments20252026
Travel$501.4K$3.6M
Media$94.7K

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue82¢$3.1M
  • Other costs18¢$652.5K

Out of $3.7M in revenue.2 The company lost money this year.

Financial statements

Revenue6789102$3.7M in 2026+823% since 2019
0$1.0M$2.0M$3.0M$4.0M2019: $402.4K$402.4K20192020: $807.5K$807.5K2020+101%2021: $1.7M$1.7M2021+105%2022: $630.4K$630.4K2022−62%2023: $382.8K$382.8K2023−39%2024: $458.8K$458.8K2024+20%2025: $501.4K$501.4K2025+9%2026: $3.7M$3.7M2026+641%
Gross profit6789102$652.5K in 2026
-$500.0K0$500.0K$1.0M$1.5M2019: -$171.9K-$171.9K20192020: $215.5K$215.5K20202021: $1.1M$1.1M2021+407%2022: $280.5K$280.5K2022−74%2023: $27.9K$27.9K2023−90%2024: $61.2K$61.2K2024+119%2025: $3.3K$3.3K2025−95%2026: $652.5K$652.5K2026+19660%
Operating income6789102-$16.4M in 2026+156% since 2019
-$20.0M-$15.0M-$10.0M-$5.0M02019: -$6.4M-$6.4M20192020: -$5.7M-$5.7M2020−11%2021: -$8.5M-$8.5M2021+49%2022: -$8.7M-$8.7M2022+3%2023: -$5.0M-$5.0M2023−43%2024: -$5.7M-$5.7M2024+15%2025: -$7.4M-$7.4M2025+31%2026: -$16.4M-$16.4M2026+121%
Net income6789102-$15.9M in 2026+152% since 2019
-$20.0M-$15.0M-$10.0M-$5.0M02019: -$6.3M-$6.3M20192020: -$5.2M-$5.2M2020−18%2021: -$7.4M-$7.4M2021+42%2022: -$8.7M-$8.7M2022+18%2023: -$5.0M-$5.0M2023−42%2024: -$7.3M-$7.3M2024+46%2025: -$10.1M-$10.1M2025+38%2026: -$15.9M-$15.9M2026+57%

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2026-02-282025-02-28
Revenue$3.7M$501.4K
Cost of revenue (exclusive of depreciation and amortization, shown separately below)-$3.1M-$498.1K
Gross profit$652.5K$3.3K
Salaries and benefits$2.8M$2.6M
Stock based compensation$193.1K$67.9K
General and administrative$202.8K$95.3K
Sales and marketing$486.7K$307.2K
Professional service fees$7.5M$2.2M
Technology$1.0M$843.3K
Organization costs$2.6M$213.6K
Depreciation and amortization$1.1M$713.2K
Asset impairment charge$463.9K
Provision for credit loss$315.5K
Other operating expenses$312.5K$317.1K
Total Operating Expenses$17.0M$7.4M
Operating loss-$16.4M-$7.4M
Loss on disposal of assets-$90
Gain on derivative liability$50.0K
Loss on extinguishment of liability-$95.6K-$1.1M
Loss on promissory note receivable-$1.0M
Interest income (expense), net-$1.1M-$589.0K
Other Income (expense)$1.6M$16.1K
Total other income (expense)$464.5K-$2.7M
Net loss from continuing operations before taxes-$15.9M-$10.1M
Net loss from continuing operations before share of net income (loss) in equity method investee-$15.9M-$10.1M
Share of net loss of equity method investee-$11.3K-$7.4K
Net loss from continuing operations-$15.9M-$10.1M
Net income (loss) from discontinued operations, net of taxes$8.3K
Net loss-$15.9M-$10.1M
Preferred Dividends-$335.7K-$78.6K
Net Loss Applicable to Common Stockholders-$16.2M-$10.2M
Basic loss per common share from continuing operations-$2-$2
Diluted loss per common share from continuing operations-$2-$2
Basic loss per common share from discontinued operations$0
Diluted loss per common share from discontinued operations$0
Loss per common share basic-$1.82-$2.23
Loss per common share diluted-$1.82-$2.23
Weighted average number of shares outstanding basic8.9M shares4.6M shares
Weighted nverage number of shares outstanding diluted8.9M shares4.6M shares

Compare NextTrip, Inc. with another company

Corporate structure

NextTrip, Inc. sits at the top of its group. 5 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of NextTrip, Inc.

  • David T. Jiang Filed SCHEDULE 13D on NextTrip, Inc., latest Nov 12, 2025
  • Donald P. Monaco Filed SCHEDULE 13D on NextTrip, Inc., latest Nov 12, 2025
  • William Kerby Filed SCHEDULE 13D on NextTrip, Inc., latest Nov 12, 2025
  • Alumni Capital LP Filed SCHEDULE 13G on NextTrip, Inc., latest Sep 18, 2025
  • AWM Investment Company, Inc. Filed SC 13G/A on NextTrip, Inc., latest Oct 10, 2023 (3 filings since Feb 11, 2022)
  • NextTrip, Inc. Sunrise, Florida
    • Extraordinary Vacations USA, Inc. Subsidiary · Delaware, United States
    • FSA Travel, LLC Subsidiary · New York, United States
    • NextTrip Holdings, Inc. Subsidiary · Florida, United States
    • TA Pipeline LLC Subsidiary · Florida, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What NextTrip, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$7.2K2 Feb 28, 2026$97.8K2 Feb 28, 2025−92.6%
Accumulated depreciation$5.6K2 Feb 28, 2026$93.7K2 Feb 28, 2025−94.0%
Property and equipment, net$1.6K2 Feb 28, 2026$4.1K2 Feb 28, 2025−61.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.7M2 Feb 28, 2026$1.1M2 Feb 28, 2025+59.7%
Stakes in other companies (equity method)$2.5M2 Feb 28, 2026$3.4M2 Feb 28, 2025−26.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$3.1M2 Feb 28, 2026$1.2M2 Feb 28, 2025+167.5%
Intangible assets, net (excluding goodwill)$4.3M2 Feb 28, 2026$2.1M2 Feb 28, 2025+100.2%
Finite-lived intangibles, gross$7.7M2 Feb 28, 2026$8.1M2 Feb 28, 2025−4.7%
Accumulated amortization$3.4M2 Feb 28, 2026$5.9M2 Feb 28, 2025−42.3%
Finite-lived intangibles, net$4.3M2 Feb 28, 2026$1.5M10 Feb 28, 2025+177.1%

Properties, in its own words

We lease co-working space at 3900 Paseo del Sol, Santa Fe, New Mexico 87507, for a monthly rent expense of approximately $250. The lease is on a month-to-month basis and is cancelable at any time. We believe that our facilities are suitable for our current needs.

Item 2 of the 10-K filed May 29, 2026.5

Leadership

Who has led NextTrip, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Mark Cola2017
  2. Carl I. Schwartz2019
  3. Mark Ruport2020–2021
  4. Jacob Brunsberg2022–2023
  5. William Kerby2024–now

Chair

  1. Mark Ruport2019–2020

President

  1. Mark Cola2017–2018
  2. Mark Ruport2020–2021
  3. Jacob Brunsberg2022–2023
  4. Lyndsey North Zubarik2024
  5. Casey Alexandra D'Ambra2026–now

Chief financial officer

  1. Williams H. Murray2017
  2. Nannette Toups2017–2019
  3. Frank Orzechowski2019–now

Chief operating officer

  1. Mark Cola2017
  2. Jacob Brunsberg2022
20202025
Board members and other officers (18)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorSalvatore Battinell named Mar 6, 202439
  • DirectorBattinell P Salvatore named Jan 4, 202440

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Extraordinary Vacations USA, Inc. Delaware4
  • FSA Travel, LLC New York4
  • NextTrip Holdings, Inc. Florida4
  • TA Pipeline LLC Florida4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • SIGMA ADDITIVE SOLUTIONS, INC.Aug 12, 2022 to Mar 12, 20243
  • SIGMA LABS, INC.Oct 14, 2010 to Aug 11, 20223
  • FRAMEWAVES INCNov 7, 2001 to Oct 14, 20103
  • MESSIDOR LTDJan 26, 2001 to Jan 26, 20013

Timeline

  1. Oct 15, 20268-K Results of operations; Regulation FD disclosure41
  2. Oct 14, 20268-K Shareholder vote42
  3. Oct 8, 20268-K Regulation FD disclosure43
  4. Sep 24, 20268-K Regulation FD disclosure44
  5. Sep 15, 20268-K Regulation FD disclosure45
  6. Sep 9, 20268-K Regulation FD disclosure46
  7. Aug 31, 20268-K Entered a material agreement47
  8. Aug 27, 20268-K Entered a material agreement; Unregistered sale of shares; Bylaws or fiscal year changed48
  9. Aug 26, 20268-K Other events49
  10. Aug 20, 20268-K Regulation FD disclosure50
  11. Aug 6, 20268-K Regulation FD disclosure51
  12. Aug 4, 20268-K Entered a material agreement; Unregistered sale of shares52
  13. Jan 3, 2024New chief executive William Kerby becomes CEO13
  14. May 3, 2022New chief executive Jacob Brunsberg becomes CEO14
  15. Jun 17, 2020New chief executive Mark Ruport becomes CEO15
  16. Aug 16, 2019New chief executive Carl I. Schwartz becomes CEO16
  17. Feb 15, 2017New chief executive Mark Cola becomes CEO17

Calendar

When it reported results

  1. Oct 15, 2026Reported quarterly or annual results41
  2. Nov 13, 2023Reported quarterly or annual results53
  3. Aug 14, 2023Reported quarterly or annual results54
  4. May 15, 2023Reported quarterly or annual results55
  5. Mar 30, 2023Reported quarterly or annual results56
  6. Nov 14, 2022Reported quarterly or annual results57
  7. Aug 5, 2022Reported quarterly or annual results58
  8. Apr 26, 2022Reported quarterly or annual results59

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

311 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 119 major events, 89 insider forms, 7 large holders, 5 private raises, 71 other. The latest 20:

  1. Oct 15, 20268-K EDGAR
  2. Oct 15, 202610-Q EDGAR
  3. Oct 14, 20268-K EDGAR
  4. Oct 13, 20264 EDGAR
  5. Oct 8, 20268-K EDGAR
  6. Sep 24, 20268-K EDGAR
  7. Sep 22, 20264 EDGAR
  8. Sep 22, 2026144 EDGAR
  9. Sep 15, 20268-K EDGAR
  10. Sep 9, 20268-K EDGAR
  11. Aug 31, 2026424B5 EDGAR
  12. Aug 31, 20268-K EDGAR
  13. Aug 27, 2026EFFECT EDGAR
  14. Aug 27, 20264 EDGAR
  15. Aug 27, 20268-K EDGAR
  16. Aug 26, 20268-K EDGAR
  17. Aug 21, 2026DEF 14A EDGAR
  18. Aug 20, 20268-K EDGAR
  19. Aug 19, 2026S-3 EDGAR
  20. Aug 17, 2026EFFECT EDGAR

The 311 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

12 open-market trades by officers, directors and large owners since October 2021: 12 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 17, 2026Kaplan Andrew JayDirectorBuy52,910$1.89$100.0KForm 4
Jun 18, 2026Jiang David TDirectorBuy18,200$2.75$50.0KForm 4
May 8, 2026Kaplan Andrew JayDirectorBuy18,182$2.75$50.0KForm 4
Nov 4, 2025Kaplan Andrew JayDirectorBuy33,400$3.00$100.2KForm 4
Jul 23, 2025Kaplan Andrew JayDirectorBuy5,000$4.12$20.6KForm 4
Feb 1, 2024KERBY WILLIAMDirectorBuy6,000$3.25$19.5KForm 4
Jan 19, 2024KERBY WILLIAMDirectorBuy4,000$3.50$14.0KForm 4
Nov 17, 2022RUPORT MARKDirectorBuy12,300$0.61$7.5KForm 4
Aug 9, 2022RUPORT MARKDirectorBuy10,000$1.11$11.1KForm 4
May 2, 2022Brunsberg JacobDirectorBuy1,900$1.37$2.6KForm 4
Apr 29, 2022RUPORT MARKDirectorBuy15,000$1.36$20.4KForm 4
Oct 29, 2021RUPORT MARKDirectorBuy10,000$2.96$29.6KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2026Bill Kerby – Chief Executive Officer$400.0K$442.0K65
2026Frank Orzechowski - Chief Financial Officer$225.0K$254.8K65
2026John McMahon – Chief Operating OfficerTravel$250.0K65
2025Bill Kerby – Chief Executive Officer$400.0K$442.0K65
2025Frank Orzechowski - Chief Financial Officer$200.0K65
2025John McMahon – Chief Operating OfficerTravel$14.6K65

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Dec 31, 2024Raised $899,320 in a private offering of equity Form D: 5 investors so far Form D
  2. Dec 31, 2024Raised $182,997 in a private offering of equity Form D: 2 investors so far Form D
  3. Dec 31, 2024Raised $402,500 in a private offering of equity Form D: $499,997 offered in all Form D
  4. Feb 22, 2024Raised $672,500 in a private offering of equity Form D: 6 investors so far Form D
  5. Dec 29, 2023Raised $471,594 in a private offering of equity Form D: 26 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Armistice Capital, LLC402,081$860.5K0.0%−273,036
Vanguard Capital Management LLC224,650$480.8K0.0%+97,332
HighTower Advisors, LLC191,755$410.4K0.0%No change
Geode Capital Management, LLC112,561$240.9K0.0%−10,074
Vanguard Fiduciary Trust Co58,867$126.0K0.0%+408
Marex Group Ltd54,887$117.5K0.0%New
BlackRock, Inc.29,380$62.9K0.0%New
Northern Trust Corp23,610$50.5K0.0%+11,117
UBS Group AG3,075$6.6K0.0%−9,791
Tower Research Capital LLC (TRC)2,735$5.9K0.0%+1,626
Fmr LLC100$2140.0%New
Hrt Financial LP54,452$1160.0%New
Barclays PLC49$1050.0%New
Group One Trading LLC47$1010.0%No change
Physician Wealth Advisors, Inc.20$430.0%No change
Virtu Financial LLC19,331$410.0%New
Arax Advisory Partners6$130.0%New
Harbour Investments, Inc.3$60.0%No change
Caitong International Asset Management Co., Ltd3$60.0%No change
Integrated Wealth Concepts LLC2$40.0%New
SBI Securities Co., Ltd.2$40.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Dec 8, 2020Patrick J Toomey, SenateExchange$1,001 - $15,000Report
Dec 2, 2020Patrick J Toomey, SenateExchange$1,001 - $15,000Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How NextTrip, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNextTrip, Inc.1
  • CIK0000788611
  • Employer ID (EIN)27-18658145
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company5
  • Incorporated inNevada5
  • Fiscal year endsFebruary 281
  • Industry code (SIC)4700 Transportation Services1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address1560 Sawgrass Corporate Parkway, Suite 400, Sunrise, FL1
  • Phone(954) 526-96881
  • Shares outstanding15,229,900 as of Oct 14, 202612
  • Public float$17.9M as of Aug 31, 20255
  • AuditorHaynie, Salt Lake City, Utah PCAOB ID 457; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceJan 26, 20011
  • Filings759 in all: 8-K (230), 4 (158), 10-Q (56), 3 (27), UPLOAD (23), 10QSB (21), CORRESP (21), 10-K (18)1
    All 47 form types

    EFFECT (18), 424B5 (16), DEF 14A (15), S-3 (13), PRE 14A (12), 424B3 (11), D (11), S-8 (11), S-1/A (10), 10KSB (8), 8-K/A (8), S-3/A (8), 4/A (7), DEFA14A (7), SC 13G/A (7), NT 10-K (5), S-1 (5), SC 13G (5), 5 (3), SCHEDULE 13D (3), POS AM (2), PRER14A (2), RW (2), 10-K/A (1), 10-Q/A (1), 10KSB/A (1), 10QSB/A (1), 144 (1), 25-NSE (1), 3/A (1), 424B4 (1), 8-A12B (1), CERTNAS (1), CT ORDER (1), DRS (1), NT 10-Q (1), POS EX (1), SC 14F1 (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) May 29, 2026
    Quarterly report (10-Q) Oct 15, 2026
    Proxy statement (DEF 14A) Aug 21, 2026
    Latest 8-K (8-K) Oct 15, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.001 per shareNTRPNASDAQ

From the cover page of the 10-K filed May 29, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks NextTrip, Inc. names in Item 1A of its 10-K filed May 29, 2026: 35 risks under these headings, as written.5

  • Risks Related to Our Business
  • Our revenue is derived from the global travel industry, and a prolonged or substantial decrease in global travel, particularly air travel, could adversely affect our operating results.
  • We need additional capital, which may not be available on commercially acceptable terms, if at all, which raises questions about our ability to continue as a going concern.
  • We are not profitable and may never become profitable.
  • We have outstanding indebtedness, which could adversely affect our business and financial condition.
  • If distributors are unable to drive customers to our websites and/or we are unable to drive visitors to our websites, from search engines or otherwise, this could negatively impact transactions on the websites of our distributors as well as our own websites and consequently cause our travel revenue to decrease.
  • Unfavorable changes in, or interpretations of, government regulations or taxation of the evolving product offerings, Internet and e-commerce industries could harm our travel division operating results.
  • If we are not able to maintain and enhance our NextTrip brand and the brands associated with each of our platforms, our reputation and business may suffer.
  • Our long-term success depends, in part, on our ability to expand traveler bases outside of the United States and, as a result, our business is susceptible to risks associated with international operations.
  • The market in which we participate is highly competitive, and we may be unable to compete successfully with our current or future competitors.
  • If we are unable to introduce new or upgraded products, services or features that distributors, travelers or agents recognize as valuable, we may fail to: drive additional travelers to our websites, retain existing distributors, and/or attract new distributors. Our efforts to develop new and upgraded services and products could require us to incur significant costs.
  • We are exposed to fluctuations in currency exchange rates.
The other 24 risks
  • If we fail to protect confidential information against security breaches, or if distributors or travelers are reluctant to use our online marketplace because of privacy or security concerns, we might face additional costs, and activity on our websites could decline.
  • Cyber-attacks and system vulnerabilities could lead to sustained service outages, data loss, reduced revenue, increased costs, liability claims, or harm to our competitive position.
  • If our systems cannot cope with the level of demand required to service our consumers and accommodations, we could experience unanticipated disruptions in service, slower response times, decreased customer service and customer satisfaction, and delays in the introduction of new services.
  • Loss or material modification of our credit card acceptance privileges could have a material adverse effect on our business and operating results.
  • We currently rely on a small number of third-party service providers to host and deliver a significant portion of our services, and any interruptions or delays in services from these third parties could impair the delivery of our services and harm our business.
  • If we do not adequately protect our intellectual property, our ability to compete could be impaired.
  • We may be subject to claims that we violated intellectual property rights of others, which are extremely costly to defend and could require us to pay significant damages and limit our ability to operate.
  • If the businesses and/or assets that we have acquired or invested in do not perform as expected or we are unable to effectively integrate acquired businesses, our operating results and prospects could be harmed.
  • Failure to obtain adequate insurance coverage could put us at risk for uninsured losses.
  • We are dependent on key personnel, and the loss of any of these individuals could harm our business.
  • Our Bylaws contain provisions for indemnifying our officers and directors.
  • Our operating costs could be significantly higher than we expect, and this could reduce our future profitability.
  • Risks Related to Our Securities
  • The price of our securities is subject to volatility related or unrelated to our operations, which could result in substantial losses for our stockholders.
  • We could be subject to securities class action litigation.
  • Historically, there has been a limited trading market in our common stock, and you may therefore have difficulty selling your securities at a price that you determine is satisfactory.
  • If we are unable to comply with the continued listing requirements of the Nasdaq Capital Market, our common stock could be delisted, which could affect our common stock’s market price and liquidity and reduce our ability to raise capital.
  • You may experience significant dilution as a result of future equity offerings or the conversion of outstanding shares of our convertible preferred stock.
  • Our outstanding warrants may result in further dilution to our stockholders.
  • We do not intend to pay dividends on our common stock, and your ability to achieve a return on your investment will depend on appreciation in the market price of our securities.
  • If securities or industry analysts do not publish research or reports about us, or if they issue adverse or misleading opinions regarding us or our securities, the market price of our securities and their trading volume could decline.
  • Sales of a substantial number of shares of our common stock in the public market could cause our stock price to fall.
  • If we fail to maintain effective internal control over financial reporting, the market price of our securities may be adversely affected.
  • Provisions in our Charter and Bylaws could discourage a takeover that stockholders may consider favorable and may lead to entrenchment of management.
  • We could issue one or more additional series of shares of preferred stock with the effect of diluting existing stockholders and impairing their voting and other rights.

Legal proceedings

We are not currently a party to any legal proceedings. However, from time to time, we may become subject to legal proceedings and claims that arise in the ordinary course of our business, and an adverse outcome in litigation could materially adversely affect our business, results of operations, financial condition, cash flows and price.

The opening of Item 3, Legal Proceedings.5

Sources

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