{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-000299","form_type":"8-K","ticker":"NTRP","cik":"0000788611","company_name":"NextTrip, Inc.","filed_at":"2025-01-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.347252+00:00","generated_at":"2026-05-28T16:38:32.016961+00:00","sec_items":["1.01","5.03","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"NextTrip raises up to $1.72M in cash, converts $2.1M debt into preferred stock","bullets":["Issued 297,788 Series J preferred shares at $3.02/share for cash.","Loans of $1M and $220K plus warrants at $4.00; Series K preferred issued as prepaid interest.","CEO William Kerby and chairman Donald Monaco converted $1.75M in debt into 579,469 Series L preferred shares.","Up to $500K Series M offering and $350K debt conversion; all preferred convertible only after stockholder approval of Exchange Cap removal.","Warrants exercisable for up to 1.22M shares at $4.00 per share over three years."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-000299","json":"https://secwatch.observer/filing/0001493152-25-000299.json","markdown":"https://secwatch.observer/filing/0001493152-25-000299.md","text":"https://secwatch.observer/filing/0001493152-25-000299.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/788611/000149315225000299/0001493152-25-000299-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/788611/000149315225000299/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T16:38:32.016961+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}