NextTrip, Inc. (NTRP): debt financing — Sigma Additive subsidiary issues $391,777 promissory note to CEO William Kerby at 7.5%

NextTrip, Inc.

Unsecured promissory note issued by NextTrip Holdings for $391,776.54 to CEO William Kerby.
Note accrues 7.5% simple interest per annum; matures February 28, 2025.
Prepayment allowed without penalty; proceeds for working capital.
Related-party transaction approved by Board, including independent members.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NextTrip, Inc. incurred loan of $391,776.54 with William Kerby at 7.5% simple interest per annum maturing February 28, 2025.

Instrument: loan
Principal: $391,776.54
Counterparty: William Kerby
Rate: 7.5% simple interest per annum
Maturity: February 28, 2025
Event: incurrence

Exact text from the filing

o William Kerby, to memorialize the terms and conditions of certain working capital advances made by Mr.

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NextTrip, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-008511

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