secwatch.observer — SEC 8-K summary
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Issuer:     NextTrip, Inc. (NTRP)
CIK:        0000788611
Form:       8-K
Filed at:   2025-09-15T23:59:59+00:00
Accession:  0001493152-25-013530
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 5.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788611/000149315225013530/0001493152-25-013530-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788611/000149315225013530/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-013530

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer