Company: NUTR
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001641172-25-025984
Chunk: 44

Company: NUSATRIP Inc
Filing Date: 2025-08-29
Form: 10-Q
Item: Item 1
Chunk 44
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 and disclosure
of events that occur after the balance sheet date but before unaudited condensed financial statements are issued, the Company has evaluated
all events or transactions that occurred after June 30, 2025, up through August 29, 2025, the Company issued the unaudited condensed
consolidated financial statements.

On
July 2, 2025, the Company’s 99% owned subsidiary Nusatrip International Pte. Ltd. acquired 100% of the outstanding capital stock
of Nusatrip (Hong Kong) Limited (“NTHK”) for HK$1. NTHK is a company existing under the laws of the Hong Kong Special Administrative
Region of the People’s Republic of China, and both engaged in online ticketing and reservation services.

On August 18, 2025, the Company completed its initial public offering of 3,750,000 shares of Common Stock at an offering price of $4.00
per share. The gross proceeds from the offering were approximately $15,000,000. After deducting underwriting commissions of approximately
$1,050,000 and other offering expenses of approximately $150,000, the Company expects to receive net proceeds of approximately $13,800,000.
The net proceeds will be recorded as
an increase to additional paid-in capital, net of par value.

37

Item
2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The
information contained in this quarter report on Form 10-Q is intended to update the information contained in our Form 10-K, dated June
30, 2025, for the year ended December 31, 2024 and presumes that readers have access to, and will have read, the “Management’s
Discussion and Analysis of Financial Condition and Results of Operations” and other information contained in such Form 10-K. The
following discussion and analysis also should be read together with our unaudited condensed consolidated financial statements and the
notes to the unaudited condensed consolidated financial statements included elsewhere in this Form 10-Q.

The
following discussion contains certain statements that may be deemed “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements appear in a number of places in this Report, including, without limitation,
“Management’s Discussion and Analysis of Financial Condition and Results of Operations.” These statements are not guarantees
of future performance and involve risks