{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-027172","form_type":"8-K","ticker":"NTRP","cik":"0000788611","company_name":"NextTrip, Inc.","filed_at":"2026-06-04T10:04:07+00:00","discovered_at":"2026-06-04T10:05:00.257826+00:00","generated_at":"2026-06-04T10:05:09.931528+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"NextTrip borrows $200K from director's trust; total Monaco Loans $500K at 7.5% due June 30, 2026","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-027172","json":"https://secwatch.observer/filing/0001493152-26-027172.json","markdown":"https://secwatch.observer/filing/0001493152-26-027172.md","text":"https://secwatch.observer/filing/0001493152-26-027172.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/788611/000149315226027172/0001493152-26-027172-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/788611/000149315226027172/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T10:05:09.931528+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":"166fb30a82256971d267c0719c0d245a495a04d0","claim":"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.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/788611/000149315226027172/0001493152-26-027172-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$200,000"},{"label":"Counterparty","value":"The Donald P. Monaco Insurance Trust"},{"label":"Rate","value":"7.5% simple interest per annum"},{"label":"Maturity","value":"June 30, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"5ea98dbd30b52144c52f40c191b017d3503280f0","claim":"NextTrip, Inc. entered into Monaco Loans with The Donald P. Monaco Insurance Trust valued at $200,000 (effective 2026-05-29).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/788611/000149315226027172/0001493152-26-027172-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"The Donald P. Monaco Insurance Trust"},{"label":"Value","value":"$200,000"},{"label":"Effective","value":"2026-05-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}