NextTrip, Inc. (NTRP): debt financing — NextTrip borrows $200K from director's trust; total Monaco Loans $500K at 7.5% due June 30, 2026

NextTrip, Inc.

On May 29, 2026, NextTrip borrowed $200,000 from The Donald P. Monaco Insurance Trust, an entity affiliated with director Donald P. Monaco.
The loan is part of a series of unsecured short-term loans (Monaco Loans) totaling $500,000 principal since March 25, 2026.
Interest accrues at 7.5% simple per annum; maturity date is June 30, 2026.
Both the Company's Board of Directors and Audit Committee approved the loans.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NextTrip, Inc. incurred loan of $200,000 with The Donald P. Monaco Insurance Trust at 7.5% simple interest per annum maturing June 30, 2026.

Instrument: loan
Principal: $200,000
Counterparty: The Donald P. Monaco Insurance Trust
Rate: 7.5% simple interest per annum
Maturity: June 30, 2026
Event: incurrence

Exact text from the filing

On May 29, 2026, NextTrip, Inc. (the “Company”) borrowed on a short- term basis the amount of $200,000 (the “May 29 Loan”) from The Donald P. Monaco Insurance Trust (the “Trust”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NextTrip, Inc. entered into Monaco Loans with The Donald P. Monaco Insurance Trust valued at $200,000 (effective 2026-05-29).

Action: entry
Counterparty: The Donald P. Monaco Insurance Trust
Value: $200,000
Effective: 2026-05-29

Exact text from the filing

On May 29, 2026, NextTrip, Inc. (the “Company”) borrowed on a short- term basis the amount of $200,000 (the “May 29 Loan”) from The Donald P. Monaco Insurance Trust (the “Trust”).

View on SEC.gov

299 debt financings filed in the last 30 days. Browse all debt financings →

NextTrip, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-027172

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