{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-009176","form_type":"8-K","ticker":"NTRP","cik":"0000788611","company_name":"NextTrip, Inc.","filed_at":"2025-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.271434+00:00","generated_at":"2026-05-22T06:07:00.641244+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"NextTrip secures $3M revolving credit line from Chairman at 12% interest","bullets":["$3M revolving credit facility from Monaco Investment Partners II, LP, controlled by Chairman Donald Monaco; 12% simple interest, maturing May 31, 2027.","Initial advance of $1.045M used to repay $400K cash advance and $645K promissory notes owed to Monaco-affiliated entities.","Line approved by Audit Committee and full Board, including independent members, to address related-party nature.","Company intends to use draws for working capital, marketing, product launches, and technology integration, aiming to limit shareholder dilution."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-009176","json":"https://secwatch.observer/filing/0001641172-25-009176.json","markdown":"https://secwatch.observer/filing/0001641172-25-009176.md","text":"https://secwatch.observer/filing/0001641172-25-009176.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/788611/000164117225009176/0001641172-25-009176-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/788611/000164117225009176/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T06:07:00.641244+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"}