---
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"
generated_at: "2026-07-22T13:17:14.453405+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NextTrip secures $4M from Lind via $4.6M convertible note at $3.88 conversion price

## Summary
- 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%).

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-034192
- JSON: https://secwatch.observer/filing/0001493152-26-034192.json
- Plain text: https://secwatch.observer/filing/0001493152-26-034192.txt

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