---
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"
generated_at: "2026-05-17T06:18:36.233685+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-014039
- JSON: https://secwatch.observer/filing/0001493152-25-014039.json
- Plain text: https://secwatch.observer/filing/0001493152-25-014039.txt

## Key facts
- Equity Issuances
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/788611/000149315225014039/0001493152-25-014039-index.htm

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