secwatch.observer — SEC 8-K summary
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Issuer:     NextTrip, Inc. (NTRP)
CIK:        0000788611
Form:       8-K
Filed at:   2026-06-04T10:04:07+00:00
Accession:  0001493152-26-027172
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788611/000149315226027172/0001493152-26-027172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788611/000149315226027172/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-027172

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