---
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"
generated_at: "2026-06-04T10:05:09.931528+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NextTrip borrows $200K from director's trust; total Monaco Loans $500K at 7.5% due June 30, 2026

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-027172
- JSON: https://secwatch.observer/filing/0001493152-26-027172.json
- Plain text: https://secwatch.observer/filing/0001493152-26-027172.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/788611/000149315226027172/0001493152-26-027172-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/788611/000149315226027172/0001493152-26-027172-index.htm

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