{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-002776","form_type":"8-K","ticker":"NTRP","cik":"0000788611","company_name":"NextTrip, Inc.","filed_at":"2025-04-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.269962+00:00","generated_at":"2026-05-23T21:54:05.440238+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"NextTrip raises $300K via convertible note with warrants to Alumni Capital LP","bullets":["Issued $360K principal note (10% annual interest, matures July 1, 2025) with $60K OID, net $300K proceeds.","Warrants to purchase 80,000 shares at $4.50/share, exercisable for 5 years.","Note convertible upon event of default at 80% of lowest 20-day VWAP; beneficial ownership cap at 9.99% and exchange cap at 19.99%.","Investor entitled to 50% of outstanding amounts if Company receives net cash proceeds between $1M and $2M, and full repayment above $2M.","Securities issued under Regulation D exemption; piggyback registration rights granted."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-002776","json":"https://secwatch.observer/filing/0001641172-25-002776.json","markdown":"https://secwatch.observer/filing/0001641172-25-002776.md","text":"https://secwatch.observer/filing/0001641172-25-002776.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/788611/000164117225002776/0001641172-25-002776-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/788611/000164117225002776/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T21:54:05.440238+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"}