secwatch.observer — SEC 8-K summary
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Issuer:     NextTrip, Inc. (NTRP)
CIK:        0000788611
Form:       8-K
Filed at:   2026-07-01T20:05:18+00:00
Accession:  0001493152-26-031541
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

NextTrip borrows $250K in short-term loans from director's trust; total Monaco Loans $950K
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- Borrowed $150K on June 25 and $100K on June 30 from The Donald P. Monaco Insurance Trust (related party).
- Total principal balance of Monaco Loans (series since March 25, 2026) is $950,000 as of filing.
- Interest at 7.5% simple per annum; maturity extended to July 15, 2026.
- Loans approved by Board and Audit Committee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788611/000149315226031541/0001493152-26-031541-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788611/000149315226031541/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-031541

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer