Common Stock, par value $0.001 per share
- Symbol
- NTRP
- Exchange
- NASDAQ
- Classification
- COMMON
- Status
- Current
Current Report · Items 1.01, 2.03 · 8-K
NextTrip, Inc.
NTRPNASDAQEQUITYCurrent
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Item 1.01 Entry into a Material Definitive Agreement On June 25, 2026 and June 30, 2026, NextTrip, Inc. (the “Company”) borrowed on a short- term basis $150,000 and $100,000, respectively (collectively, the “June Loans”) from The Donald P. Monaco Insurance Trust (the “Trust”). Donald P. Monaco, a director of the Company, is the trustee of the Trust.…
Company context
NextTrip is an early-stage, technology-driven travel company developing an integrated travel booking and media platform designed to connect leisure, group and business travelers to the world. Our travel booking platform is powered by our proprietary NXT2.0 booking engine, which offers extensive inventory, supporting both travelers and distributors with a platform for curating personalized experiences and efficient trip planning and booking. We market our travel services through several core brands including NextTrip Vacations (direct-to-consumer leisure travel), Five Star Alliance (luxury and cruise bookings) and NextTrip Business (small-to-mid-sized corporate travel) and differentiate our platform through specialty features, including specialized widgets for groups (the “Groups Platform”) and travel agents (the “Travel Agent Platform”) and PayDlay, a delayed payment booking option. Complementing our booking engine are our media properties, including Journy.tv and Travel Magazine, which provide destination content that we believe will drive high-intention traffic into our booking funnel and, over time, constitute a separate high-margin advertising revenue stream.
Current securities
Registered securities in this filing
NextTrip, Inc. · 8-K · Filed 2026-07-01
Disclosure sections
Item 1.01Item 1.01 - Entry into Material Agreement
Item
1.01 Entry into a Material Definitive Agreement
On
June 25, 2026 and June 30, 2026, NextTrip, Inc. (the “Company”) borrowed on a short- term basis $150,000 and $100,000, respectively
(collectively, the “June Loans”) from The Donald P. Monaco Insurance Trust (the “Trust”). Donald P. Monaco, a
director of the Company, is the trustee of the Trust. The June Loans were one of a series of short-term unsecured loans made by the Trust
(the “Monaco Loans”) commencing March 25,2026 which, as of the date of this Current Report, have a principal balance of $950,000.
Interest accrues on the Monaco Loans at a rate of 7.5% simple interest per annum. The maturity date of the Monaco Loans has been extended
to July 15, 2026. The Monaco Loans have been approved by the both the Company’s Board of Directors and its Audit Committee.
Item 2.03Item 2.03 - Creation of Direct Financial Obligation
Item
2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The
information in Item 1.01 is hereby incorporated herein by reference