---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-021972"
form_type: "8-K"
ticker: "NTRP"
cik: "0000788611"
company_name: "NextTrip, Inc."
filed_at: "2026-05-08T23:59:59+00:00"
generated_at: "2026-05-14T21:16:58.367507+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NextTrip raises $1.015M via Series B Convertible Preferred Stock and warrant

## Summary
- Issued 368,421 Series B Preferred Shares at $2.755 each plus 40,000 issuance fee shares and a warrant for 100,000 common shares at $2.755.
- Proceeds of $1.015M for working capital; CEO William Kerby pledges 1,365,314 common shares as collateral under a limited recourse guarantee.
- Preferred shares carry 12% annual dividend (18% on default), mandatory redemption by August 30, 2026 (holder may extend to Dec. 31, 2026).
- Company must file resale registration statement within 15 days; use best efforts to make effective within 30 days.
- Purchaser gets 20% participation right in future offerings and exchange right for offered securities at 100% of stated value.

## SEC filing metadata
- accession: 0001493152-26-021972
- form_type: 8-K
- ticker: NTRP
- cik: 0000788611
- company_name: NextTrip, Inc.
- filed_at: 2026-05-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 5.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788611/000149315226021972/0001493152-26-021972-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788611/000149315226021972/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-021972
- JSON: https://secwatch.observer/filing/0001493152-26-021972.json
- Plain text: https://secwatch.observer/filing/0001493152-26-021972.txt

## Source-grounded claims
- claim_id: 8625b7a6372df26313c423feb52991fed55811ea
  claim: NextTrip, Inc. issued 368,421 restricted shares of newly designated Series B Convertible Preferred Stock of preferred stock to an accredited investor for $2.7550 per share.
  evidence_excerpt: the Company issued and sold (a) an aggregate of 368,421 restricted shares of newly designated Series B Convertible Preferred Stock, par value $0.001, of the Company (the “Series B Preferred Shares”) plus 40,000 additional Series B Preferred Shares as an issuance fee; and (b) a five-year warrant (the “Warrant”) to purchase 100,000 shares of the Common Stock, par value $0.001 per share, of the Company (“Common Stock”) (the “Series B Offering”) at a purchase price of $2.7550 per share representing the Nasdaq Minimum Price plus $0.125 as of the date of the Purchase Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/788611/000149315226021972/0001493152-26-021972-index.htm
- claim_id: 942b262ec608d53ee3452bac16f53d70ad1bdfa2
  claim: NextTrip, Inc. issued 100,000 shares of the Common Stock of warrant to an accredited investor for $2.7550 per share.
  evidence_excerpt: the Company issued and sold (a) an aggregate of 368,421 restricted shares of newly designated Series B Convertible Preferred Stock, par value $0.001, of the Company (the “Series B Preferred Shares”) plus 40,000 additional Series B Preferred Shares as an issuance fee; and (b) a five-year warrant (the “Warrant”) to purchase 100,000 shares of the Common Stock, par value $0.001 per share, of the Company (“Common Stock”) (the “Series B Offering”) at a purchase price of $2.7550 per share representing the Nasdaq Minimum Price plus $0.125 as of the date of the Purchase Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/788611/000149315226021972/0001493152-26-021972-index.htm
- claim_id: bf4c949bd56f51688c71f089703b3544e5ebe190
  claim: NextTrip, Inc. entered into Purchase Agreement with an accredited investor (effective 2026-05-06).
  evidence_excerpt: On May 6, 2026, the Company entered into a securities purchase agreement (the “Purchase Agreement”) with an accredited investor (the “Purchaser”), pursuant to which the Company issued and sold (a) an aggregate of 368,421 restricted shares of newly designated Series B Convertible Preferred Stock, par value $0.001, of the Company (the “Series B Preferred Shares”) plus 40,000 additional Series B Preferred Shares as an issuance fee; and (b) a five-year warrant (the “Warrant”) to purchase 100,000 shares of the Common Stock, par value $0.001 per share, of the Company (“Common Stock”) (the “Series B Offering”) at a purchase price of $2.7550 per share representing the Nasdaq Minimum Price plus $0.125 as of the date of the Purchase Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/788611/000149315226021972/0001493152-26-021972-index.htm

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