secwatch.observer — SEC 8-K summary
======================================

Issuer:     NextTrip, Inc. (NTRP)
CIK:        0000788611
Form:       8-K
Filed at:   2026-08-04T21:17:57+00:00
Accession:  0001493152-26-036026
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NextTrip issues 89,430 shares to directors to settle $144,877 in board compensation debt
--------------------------------------------------------------------------------

- Issued 89,430 common shares at $1.62/share to settle $144,876.71 of unpaid board compensation.
- Total outstanding payable was $289,753.42; $144,876.71 was repaid in cash on July 31, 2026.
- Purchasers include former directors Salvatore Battinelli, Jacob Brunsberg, Dennis Duitch, Kent Summers, and current director Donald Monaco.
- Transaction approved by disinterested directors and audit committee; exempt under Section 4(a)(2) and Rule 506 of Regulation D.
- Upon issuance, the remaining debt is fully satisfied and all claims released.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788611/000149315226036026/0001493152-26-036026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788611/000149315226036026/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-036026

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