{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-040388","form_type":"8-K","ticker":"NTRP","cik":"0000788611","company_name":"NextTrip, Inc.","filed_at":"2026-08-27T20:01:18+00:00","discovered_at":"2026-08-27T20:02:00.892278+00:00","generated_at":"2026-08-27T20:02:06.478367+00:00","sec_items":["1.01","5.03","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"NextTrip converts $3M credit line plus $500K increase into Series B convertible preferred","bullets":["Exchange Agreement with Monaco Investment Partners II LP (chairman Donald P. Monaco) cancels $3M advances + accrued interest for Series B preferred shares.","Line of credit increased by $500,000 to $3.5M total; advances exchanged for preferred stock at $1,000 stated value per share.","Series B preferred pays 12% cumulative compounding dividends, convertible at $3.88 per share, subject to 19.99% ownership cap.","4,500 Series B shares designated; conversion/redemption at stated value plus accrued dividends; no shares outstanding under predecessor Series B.","Related-party transaction approved by disinterested directors and audit committee; securities issued unregistered under Section 4(a)(2)/Reg D."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-040388","json":"https://secwatch.observer/filing/0001493152-26-040388.json","markdown":"https://secwatch.observer/filing/0001493152-26-040388.md","text":"https://secwatch.observer/filing/0001493152-26-040388.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/788611/000149315226040388/0001493152-26-040388-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/788611/000149315226040388/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-27T20:02:06.478367+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"}