NextTrip converts $152,970 of related-party loans into Series Q Preferred Stock

NextTrip, Inc.

Converted $152,970 (principal + accrued interest) owed to directors Carmen Diges and Stephen Kircher into 47,803 Series Q Preferred shares at $3.20/share.
Conversion retroactive to September 3, 2025; shares issued as unregistered restricted securities under Section 4(a)(2) and Regulation D.
Conversion of Series Q Preferred into common stock requires stockholder approval per Nasdaq listing rules.
Series Q Preferred is newly designated nonvoting convertible stock; terms defined in filed Certificate of Designation.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

NextTrip, Inc. issued 47,803 restricted shares of Series Q Preferred Stock of preferred stock to Carmen Diges and Stephen Kircher for aggregate of $152,970 in existing unsecured promissory notes, $3.20 per share.

Security: preferred stock
Shares: 47,803 restricted shares of Series Q Preferred Stock
Purchaser: Carmen Diges and Stephen Kircher
Consideration: aggregate of $152,970 in existing unsecured promissory notes, $3.20 per share

Exact text from the filing

into an aggregate of 47,803 restricted shares of Series Q Preferred Stock of the Company at a purchase price of $3.20 per share. The Conversion was retroactive to September 3, 2025.

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NextTrip, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-014039

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