{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-013530","form_type":"8-K","ticker":"NTRP","cik":"0000788611","company_name":"NextTrip, Inc.","filed_at":"2025-09-15T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.372348+00:00","generated_at":"2026-05-17T06:42:01.754747+00:00","sec_items":["1.01","5.03","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"NextTrip raises $260K via Series Q Preferred Stock private placement","bullets":["Issued 81,250 shares of Series Q Nonvoting Convertible Preferred at $3.20/share for gross proceeds of $260,000 to accredited investors.","Preferred shares automatically convert into common stock after stockholder approval to remove 19.99% exchange cap.","Proceeds to be used for working capital and general corporate purposes.","Certificate of Designation filed with Nevada on Sep 12 designating 200,000 shares of Series Q Preferred."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-013530","json":"https://secwatch.observer/filing/0001493152-25-013530.json","markdown":"https://secwatch.observer/filing/0001493152-25-013530.md","text":"https://secwatch.observer/filing/0001493152-25-013530.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/788611/000149315225013530/0001493152-25-013530-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/788611/000149315225013530/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:42:01.754747+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":[{"claim_id":"a78cab807ddab7803b3706c47056c8f2699fbc34","claim":"NextTrip, Inc. issued 81,250 restricted shares of preferred stock to certain accredited investors for $3.20 per share.","evidence_excerpt":"the Company issued and sold an aggregate of 81,250 restricted shares of newly designated Series Q Nonvoting Convertible Preferred Stock of the Company (the “Series Q Preferred”), (the “Series Q Offering”) at a purchase price of $3.20 per share.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/788611/000149315225013530/0001493152-25-013530-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"preferred stock"},{"label":"Shares","value":"81,250 restricted shares"},{"label":"Purchaser","value":"certain accredited investors"},{"label":"Consideration","value":"$3.20 per share"}],"fact_type":"equity_issuance"},{"claim_id":"62ca3c2645dbfce0d41a52013602d6d9ea1ba0c5","claim":"NextTrip, Inc.: Filed Certificate of Designation for Series Q Nonvoting Convertible Preferred Stock, designating 200,000 shares of preferred stock as Series Q Convertible Preferred Stock and setting forth terms including ranking, dividends, voting, conversion, and liquidation preferences (effective 2025-09-12).","evidence_excerpt":"On September 12, 2025, the Company filed a Certificate of Designation of Series Q Convertible Preferred Stock (the “Series Q Certificate of Designation”) with the Secretary of State of the State of Nevada, designating 200,000 shares of the Company’s preferred stock as Series Q Convertible Preferred Stock, par value $0.001 per share.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/788611/000149315225013530/0001493152-25-013530-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-09-12"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}