---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-008511"
form_type: "8-K"
ticker: "NTRP"
cik: "0000788611"
company_name: "NextTrip, Inc."
filed_at: "2024-03-01T23:59:59+00:00"
generated_at: "2026-06-05T05:53:53.490352+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Sigma Additive subsidiary issues $391,777 promissory note to CEO William Kerby at 7.5%

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-008511
- form_type: 8-K
- ticker: NTRP
- cik: 0000788611
- company_name: NextTrip, Inc.
- filed_at: 2024-03-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788611/000149315224008511/0001493152-24-008511-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788611/000149315224008511/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-008511
- JSON: https://secwatch.observer/filing/0001493152-24-008511.json
- Plain text: https://secwatch.observer/filing/0001493152-24-008511.txt

## Key facts
- Debt Financings
  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
  source text: o William Kerby, to memorialize the terms and conditions of certain working capital advances made by Mr.
  evidence_url: https://www.sec.gov/Archives/edgar/data/788611/000149315224008511/0001493152-24-008511-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.