---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-004477"
form_type: "8-K"
ticker: "NTRP"
cik: "0000788611"
company_name: "NextTrip, Inc."
filed_at: "2025-01-31T23:59:59+00:00"
generated_at: "2026-05-27T05:01:24.857334+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# NextTrip raises $85K in Series N preferred and warrants; extends forbearance to Mar 2025

## Summary
- Issued 17,000 shares of Series N Nonvoting Convertible Preferred and warrants for 17,000 shares at $5.00/unit for $85,000 gross proceeds.
- Warrants exercisable at $7.50/share, six-month lockup, three-year term; conversion of preferred requires shareholder approval for Exchange Cap removal.
- Extended forbearance with NextTrip Holdings to March 31, 2025, delaying contingent share issuance and board appointments tied to Nasdaq listing approval.
- Net proceeds to be used for working capital; Series N Certificate of Designation filed Jan 30, 2025.

## SEC filing metadata
- accession: 0001493152-25-004477
- form_type: 8-K
- ticker: NTRP
- cik: 0000788611
- company_name: NextTrip, Inc.
- filed_at: 2025-01-31T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 5.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788611/000149315225004477/0001493152-25-004477-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788611/000149315225004477/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-004477
- JSON: https://secwatch.observer/filing/0001493152-25-004477.json
- Plain text: https://secwatch.observer/filing/0001493152-25-004477.txt

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