secwatch.observer — SEC 8-K summary
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Issuer:     NextTrip, Inc. (NTRP)
CIK:        0000788611
Form:       8-K
Filed at:   2025-09-18T23:59:59+00:00
Accession:  0001493152-25-014039
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788611/000149315225014039/0001493152-25-014039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788611/000149315225014039/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-014039

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