---
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"
generated_at: "2026-05-28T16:38:32.016961+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NextTrip raises up to $1.72M in cash, converts $2.1M debt into preferred stock

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-000299
- JSON: https://secwatch.observer/filing/0001493152-25-000299.json
- Plain text: https://secwatch.observer/filing/0001493152-25-000299.txt

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