{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-008627","form_type":"8-K","ticker":"NTRP","cik":"0000788611","company_name":"NextTrip, Inc.","filed_at":"2025-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.349593+00:00","generated_at":"2026-05-26T00:42:35.008609+00:00","sec_items":["1.01","5.03","3.02","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"NextTrip converts $2.6M in debt to restricted equity, eliminates most short-term debt","bullets":["Converted $2.6M in short-term debt (including $1.5M from CEO Kerby and Chairman Monaco) into restricted preferred stock ahead of Feb 28 fiscal year-end.","Issued 341,126 Series I Convertible Preferred shares at $3.02/sh to accredited investors; net proceeds used for working capital.","Issued 496,687 Series L Nonvoting Convertible Preferred shares to CEO and Chairman to settle $1.5M in deferred salary and notes.","Issued 93,750 Series P Preferred shares plus warrants to AOS Holdings for $375K; also converted $1M AOS note into 250,000 Series P shares.","Amended Series I and L certificates of designation to increase authorized shares; created Series P Nonvoting Convertible Preferred."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-008627","json":"https://secwatch.observer/filing/0001493152-25-008627.json","markdown":"https://secwatch.observer/filing/0001493152-25-008627.md","text":"https://secwatch.observer/filing/0001493152-25-008627.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/788611/000149315225008627/0001493152-25-008627-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/788611/000149315225008627/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T00:42:35.008609+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"}