---
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"
generated_at: "2026-05-22T06:07:00.641244+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NextTrip secures $3M revolving credit line from Chairman at 12% interest

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-009176
- JSON: https://secwatch.observer/filing/0001641172-25-009176.json
- Plain text: https://secwatch.observer/filing/0001641172-25-009176.txt

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