{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-014039","form_type":"8-K","ticker":"NTRP","cik":"0000788611","company_name":"NextTrip, Inc.","filed_at":"2025-09-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.372548+00:00","generated_at":"2026-05-17T06:18:36.233685+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"NextTrip converts $152,970 of related-party loans into Series Q Preferred Stock","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-014039","json":"https://secwatch.observer/filing/0001493152-25-014039.json","markdown":"https://secwatch.observer/filing/0001493152-25-014039.md","text":"https://secwatch.observer/filing/0001493152-25-014039.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/788611/000149315225014039/0001493152-25-014039-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/788611/000149315225014039/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:18:36.233685+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":"80edc5b426c7d49aff77824217f21e6168ca8ac9","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/788611/000149315225014039/0001493152-25-014039-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"preferred stock"},{"label":"Shares","value":"47,803 restricted shares of Series Q Preferred Stock"},{"label":"Purchaser","value":"Carmen Diges and Stephen Kircher"},{"label":"Consideration","value":"aggregate of $152,970 in existing unsecured promissory notes, $3.20 per share"}],"fact_type":"equity_issuance"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}