{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-034192","form_type":"8-K","ticker":"NTRP","cik":"0000788611","company_name":"NextTrip, Inc.","filed_at":"2026-07-22T13:15:36+00:00","discovered_at":"2026-07-22T13:17:00.300212+00:00","generated_at":"2026-07-22T13:17:14.453405+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"NextTrip secures $4M from Lind via $4.6M convertible note at $3.88 conversion price","bullets":["Received $4M funding from Lind Global Fund III LP in exchange for $4.6M senior secured convertible note and warrant for 1,030,928 shares at $3.88.","Note has 14 monthly installments of $328,571 starting day 120; can be repaid in cash at 1.04x or stock at 90% of 5-lowest VWAP.","Conversion price $3.88, subject to full-ratchet anti-dilution; warrant exercisable for 5 years with cashless exercise.","Proceeds to accelerate NextTrip Pro, JOURNY TV, YADA Commerce, and retire existing convertible obligations.","Note secured by first-priority lien on all assets; subsidiaries guarantee; ownership cap at 4.99% (can increase to 9.99%)."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-034192","json":"https://secwatch.observer/filing/0001493152-26-034192.json","markdown":"https://secwatch.observer/filing/0001493152-26-034192.md","text":"https://secwatch.observer/filing/0001493152-26-034192.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/788611/000149315226034192/0001493152-26-034192-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/788611/000149315226034192/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-22T13:17:14.453405+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}