AcquisitionsJun 15, 2026, 06:01 AM
NextTrip Acquires Controlling Interest in TikTok Partner Agency YADA
AI Summary
NextTrip, Inc. announced the acquisition of a 51% controlling interest in Yada Commerce Inc., a fully licensed TikTok Partner Agency and creator-commerce platform. The acquisition, valued at 50,000 restricted shares of NextTrip, aims to accelerate NextTrip's vision to build a global creator, entertainment, and travel commerce ecosystem. A Cooperation and Earnout Agreement was also established, including an earnout pool of 225,000 restricted shares and warrants, and outlining NextTrip's role as Yada's exclusive preferred travel provider.
Key Highlights
- NextTrip acquired 51% of Yada Commerce Inc.
- Consideration for the acquisition was 50,000 restricted shares of NextTrip.
- An earnout pool of 225,000 restricted shares and warrants for 225,000 common shares was established.
- Warrants have a three-year term and an exercise price of $2.75.
- The earnout agreement spans a three-year term.
- Yada Founding Shareholders retain full operational control over Yada's day-to-day business.
- NextTrip will serve as Yada's exclusive preferred travel provider.
- Chad Doher, Yada Founder, joined NextTrip as Executive Vice President of Entertainment.
Price Impact
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