---
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"
generated_at: "2026-05-17T06:42:01.754747+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# NextTrip raises $260K via Series Q Preferred Stock private placement

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 5.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-013530
- JSON: https://secwatch.observer/filing/0001493152-25-013530.json
- Plain text: https://secwatch.observer/filing/0001493152-25-013530.txt

## Key facts
- Equity Issuances
  NextTrip, Inc. issued 81,250 restricted shares of preferred stock to certain accredited investors for $3.20 per share.
  - Security: preferred stock
  - Shares: 81,250 restricted shares
  - Purchaser: certain accredited investors
  - Consideration: $3.20 per share
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/788611/000149315225013530/0001493152-25-013530-index.htm
- Governance Changes
  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).
  - Change: charter amendment
  - Effective: 2025-09-12
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/788611/000149315225013530/0001493152-25-013530-index.htm

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