{"filings":[{"id":1197316,"accession_number":"0001493152-26-029628","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2026-06-22T21:19:39+00:00","items":["2.03","9.01"],"status":"ready","headline":"VIP Play borrows additional $1.17M under related-party convertible note; total $25.7M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Borrowed $1,170,000 in five draws under convertible note from April 27 to June 17, 2026.","As of June 22, 2026, aggregate outstanding principal is $25,670,626.","Note carries 12% fixed interest; convertible at 80% of the lowest share price in prior 12 months.","Note held by Excel Family Partners, controlled by secretary and sole board member Bruce Cassidy.","Full repayment due on demand; no reborrowing allowed after any repayment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":29721,"accession_number":"0001493152-26-022432","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K/A","filed_at":"2026-05-12T15:43:16+00:00","items":["5.02","2.03","9.01"],"status":"ready","headline":"VIP Play amends note disclosure; outstanding principal reaches $23.3M as of Feb 2026","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Aggregate outstanding principal of convertible note with Excel Family Partners is $23,286,313 as of Feb 19, 2026.","Additional draws of $1.5M taken from Jan 9 to Feb 13, 2026 under the Note.","Note carries 12% fixed interest, due on demand, and convertible at 80% of lowest recent price in prior 12 months (floor $0.50).","Board approved options for 3.7M shares (1.5M to VP Dermody) but formal grant not yet executed; disclosure removed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":95990,"accession_number":"0001493152-26-018053","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2026-04-20T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"VIP Play reports $24.5M outstanding under convertible note; additional draws of $1.2M since Feb 2026","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Outstanding principal on convertible note with Excel Family Partners reached $24.5M as of April 20, 2026, up from $12.1M at inception.","Company borrowed an additional $1,214,313 in seven draws between Feb 20 and Apr 17, 2026.","Note bears 12% fixed interest, payable on demand; Excel can convert debt into shares at 80% of lowest recent price (floor $0.50).","Note is uncommitted; Excel controls all advances; prepayment allowed with notice and accrued interest."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":109470,"accession_number":"0001493152-26-007540","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2026-02-20T23:59:59+00:00","items":["2.03","5.02","9.01"],"status":"ready","headline":"VIP Play borrows additional $1.5M under related-party convertible note; total outstanding $23.3M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["As of Feb 19, 2026, aggregate outstanding principal under convertible note with Excel Family Partners (related party) is $23,286,313.","Note carries 12% fixed interest; convertible at 80% of lowest 12-month share price (floor $0.50).","John Dermody, VP of Operations, awarded options to purchase 1.5M shares (1.08M incentive, 0.42M nonstatutory) under 2023 Plan.","Options vest 1/4 on first anniversary of Feb 13, 2026, then monthly 1/48 for 36 months."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":109469,"accession_number":"0001493152-26-000322","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2026-01-05T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"VIP Play reports $21.8M outstanding on related-party convertible note at 12%, convertible at 80% of lowest price","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Outstanding principal on convertible demand note from Excel Family Partners (related party) is $21,786,313 as of Jan 5, 2026.","Note bears 12% fixed interest, due on demand, and is not a committed line; no reborrowing after repayment.","Conversion feature allows Excel to convert at 80% of the lowest price per share sold in prior 12 months (floor $0.50).","Company borrowed $1,121,000 in five draws from Dec 12, 2025 through Jan 2, 2026.","Note is controlled by Bruce Cassidy (Secretary and sole board member), a related party."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":125989,"accession_number":"0001493152-25-025923","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2025-12-03T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"VIP Play draws additional $1M under convertible note; total outstanding $20.7M as of Dec 3, 2025","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Aggregate outstanding principal under convertible note with Excel Family Partners reached $20,665,313 as of Dec 3, 2025.","Borrowed total of $1,008,270 in five draws from Oct 31 to Nov 26, 2025.","Note bears 12% fixed interest and is due on demand; Excel may convert debt into common stock at 80% of lowest recent price (floor $0.50).","Excel is controlled by Bruce Cassidy, Company's Secretary and sole board member, making this a related-party transaction."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":125988,"accession_number":"0001493152-25-024867","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2025-11-24T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"VIP Play furnishes investor presentation with plans and outlook for investor meetings","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Company furnished an investor presentation for use in meetings with current and potential investors.","Presentation includes plans, growth initiatives, outlook, and forecasts for future performance.","Presentation contains forward-looking statements; see Page 2 for associated risks and uncertainties.","Information is furnished under Regulation FD and not deemed filed or incorporated by reference.","No specific financial results or guidance were disclosed in this filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":125987,"accession_number":"0001493152-25-024667","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2025-11-21T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"VIP Play expands board to 2, elects CEO Les Ottolenghi as director","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Board increased from 1 to 2 directors effective Nov 19, 2025.","Series B preferred holder elected Les Ottolenghi as director.","Ottolenghi, 63, has been CEO since June 2, 2025.","Previously held CIO roles at Caesars, Las Vegas Sands, and Stride Inc."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":125986,"accession_number":"0001493152-25-020206","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2025-10-30T23:59:59+00:00","items":["1.02","9.01"],"status":"ready","headline":"VIP Play terminates online gaming agreement with Wheeling Island; faces $4.5M penalty demand, disputes liability","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["On Oct 24, 2025, Wheeling Island Gaming terminated the Dec 2024 online gaming agreement for failure to meet Go-Live Date.","Operator demands $4.5M early termination penalty; VIP Play disputes, citing lack of regulatory approval and other defenses.","West Virginia Lottery Commission had not approved the agreement; a key term required revision but parties could not agree.","Agreement would have allowed VIP Play to offer online poker, casino, sports betting in West Virginia over 10-year term."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":125985,"accession_number":"0001493152-25-019239","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2025-10-24T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"VIP Play borrows additional $810K under convertible note with related party; total $19.7M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Borrowed $810,378 in three draws from Oct 10-24, 2025 under existing convertible note with Excel Family Partners.","Aggregate outstanding principal as of Oct 24, 2025 is $19,657,043.","Note bears 12% fixed annual interest, due on demand, and convertible at 80% of lowest prior 12-month share price (floor $0.50).","Excel is controlled by Bruce Cassidy, the company's Secretary and sole board member (related-party transaction)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":125984,"accession_number":"0001493152-25-018582","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2025-10-20T23:59:59+00:00","items":["4.01","9.01"],"status":"ready","headline":"VIP Play dismisses Grassi & Co., hires Frank Rimerman; cites ongoing material weaknesses","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Dismissed Grassi & Co. as independent auditor effective Oct 15, 2025; board approved change.","Engaged Frank, Rimerman + Co. LLP as new auditor for FY 2026 audit and quarterly reviews.","Prior audit reports contained going-concern explanatory paragraphs for FY 2025 and 2024.","No disagreements with Grassi; but reportable events: material weaknesses in internal controls (limited segregation of duties, insufficient review controls) not remediated as of Sep 30, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":125983,"accession_number":"0001493152-25-017165","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2025-10-07T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"VIP Play increases stock plan shares to 18.25M; awards 7.28M RSUs to CEO, 500K to VP","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board approved increase in 2023 Stock Plan shares from 5,960,000 to 18,250,000; subject to stockholder approval within 12 months.","Plan amended to allow Restricted Stock Units (RSUs) as a new award type; stockholder approval not required for RSUs.","CEO Les Ottolenghi awarded 7,284,464 RSUs; vesting quarterly over 4 years starting Jan 1, 2026, with 455,279 RSUs vested immediately.","VP John Dermody awarded 500,000 RSUs; same 4-year quarterly vesting with 31,250 RSUs vested immediately.","Vesting accelerates upon Sale Event, termination without Cause (for CEO), or resignation with Good Reason (for CEO only)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":125982,"accession_number":"0001493152-25-016796","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2025-10-03T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"VIP Play borrows additional $926k under convertible note; total outstanding $18.8M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Outstanding principal on convertible note to Excel Family Partners rose to $18,846,665 as of Oct 3, 2025, after $926k in draws Sept 19-Oct 1.","Note bears fixed interest at 12% per annum, due on demand; conversion price equals 80% of lowest prior 12-month share sale price (floor $0.50).","Note is from Excel Family Partners, controlled by Secretary and sole director Bruce Cassidy.","Original note amount was up to $14M; current outstanding exceeds that limit, indicating additional borrowing capacity."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":142724,"accession_number":"0001493152-25-015842","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2025-09-29T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"VIP Play software defect caused $200K unauthorized player withdrawals","summary_kind":"llm","event_type":"cyber","confidence":"high","bullets":["Software defect on Aug 23, 2025 led to unauthorized withdrawals via payment processor.","Total unauthorized amount approximately $200,000; $27,000 recouped as of Sept 29, 2025.","Company expects to recoup majority of remaining balance in coming months.","Company believes defect not material to Q1 FY2026 results.","Applicable regulators notified; corrective actions completed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":142723,"accession_number":"0001493152-25-013296","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2025-09-15T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"VIP Play borrows additional $630K under related-party convertible note; total $17.9M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Borrowed $630,000 in three draws from Aug 27 to Sep 10, 2025 under demand note with Excel Family Partners.","Total outstanding principal balance now $17,920,665 as of Sep 12, 2025.","Note has 12% fixed interest, due on demand, convertible at 80% of lowest recent stock price.","Excel is controlled by Bruce Cassidy, Company's Secretary and sole board member.","No reborrowing after repayment; default interest rate rises to 14%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":142722,"accession_number":"0001493152-25-013204","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2025-09-12T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"VIP Play extends convertible notes maturity to 2026, amends conversion price, obtains $100K new loan","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Hackel and Access notes maturity extended to Aug 31, 2026; Colletti note to Oct 1, 2025.","Conversion price becomes lower of $0.60 or 80% of lowest share price in prior 12 months.","Rick Hackel loans additional $100K to VIP Play, evidenced by convertible note maturing Aug 31, 2026.","Total outstanding principal across three original notes: $850K ($200K Hackel, $500K Colletti, $150K Access)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":142721,"accession_number":"0001641172-25-025623","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2025-08-27T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"VIP Play borrows additional $824,665 under convertible note from related party; total outstanding $17.3M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Borrowed $824,665 in four draws from Aug 1-20, 2025 under discretionary convertible note from Excel Family Partners.","As of Aug 25, 2025, total outstanding principal is $17,290,665, up from $12,097,000 at inception.","Note bears 12% fixed interest; convertible into common stock at 80% of Lowest Recent Price (floor $0.50 per share).","Excel is controlled by Bruce Cassidy, company's Secretary and sole board member (related-party transaction).","Note does not constitute a committed line; borrowings at Excel's sole discretion."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":142720,"accession_number":"0001641172-25-020852","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2025-07-24T23:59:59+00:00","items":["2.03","5.02","7.01","9.01"],"status":"ready","headline":"VIP Play CFO resigns effective Aug 8; convertible note balance rises to $16.5M","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["CFO James Mackey resigning effective August 8, 2025; no separation agreement; CEO Les Ottolenghi thanks him.","Company reaffirms prior financial guidance and is searching for a successor.","Outstanding principal under Excel Family Partners convertible note now $16,466,000 after $790k in additional draws.","Note bears 12% fixed interest, due on demand, convertible at 80% of lowest recent price per share ($0.50 floor).","Note is controlled by board secretary Bruce Cassidy; original maximum was $14M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":142719,"accession_number":"0001641172-25-017747","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2025-07-03T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"VIP Play draws additional $515K under convertible note; total principal $15.7M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Aggregate outstanding principal under note is $15,676,000 as of July 3, 2025, up $515,000 from two draws in late June/early July.","Note accrues interest at 12% fixed per annum; principal and accrued interest due on demand.","Excel Family Partners (related party controlled by director/secretary Bruce Cassidy) may convert debt to common stock at 80% of lowest recent price (floor $0.50/share).","Outstanding principal exceeds the note's stated maximum of $14,000,000, indicating potential amendment or waiver."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":160794,"accession_number":"0001641172-25-015689","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2025-06-20T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"VIP Play borrows additional $650K under related-party convertible note; total outstanding exceeds $15M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Borrowed $650K in two draws on June 10 and June 18, 2025 under existing note with Excel Family Partners (controlled by director Bruce Cassidy).","Aggregate outstanding principal now $15.16M, exceeding the $14M stated maximum under the note.","Note carries 12% fixed interest, convertible into common shares at 80% of the lowest recent price (floor $0.50/share).","Note is a related-party demand obligation; Excel may demand repayment at any time."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":160793,"accession_number":"0001641172-25-013598","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2025-06-04T23:59:59+00:00","items":["1.01","5.02","2.03","3.02","9.01"],"status":"ready","headline":"VIP Play appoints Les Ottolenghi as CEO; Bruce Cassidy resigns","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Bruce Cassidy resigned as interim CEO effective June 2, 2025, remains sole director and Secretary.","Les Ottolenghi named CEO, President and Principal Executive Officer; $600K salary, $100K signing bonus, 7.28M RSUs with 4-year quarterly vesting.","Additional $880K drawn under Excel Family Partners convertible note; total outstanding $14.511M at 12% fixed rate.","Note convertible at 80% of lowest recent share price within prior 12 months; dilution risk for existing holders.","Ottolenghi previously CTO/COO at Lee Enterprises, EVP/CIO at Stride Inc.; background in digital and AI."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":160792,"accession_number":"0001641172-25-010705","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2025-05-15T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"VIP Play borrows additional $1.009M under convertible note with CEO-related entity, total $13.631M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["As of May 15, 2025, aggregate outstanding principal under convertible note with Excel Family Partners is $13,631,000.","From April 17 to May 13, 2025, the company borrowed an additional $1,009,000 in four separate draws.","Note carries 12% fixed interest, due on demand, convertible at 80% of lowest recent price (floor $0.50 per share).","Excel Family Partners is controlled by CEO Bruce Cassidy; the note is non-committed and non-reborrowable.","Total borrowings increased from $12,097,000 (as of March 31) to $13,631,000."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":160791,"accession_number":"0001641172-25-007839","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2025-04-30T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"VIP Play sunset ZenSports app; new VIP Play app launch in TN on May 7, 2025","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["ZenSports application sunset on April 28, 2025, ahead of new VIP Play app launch.","New VIP Play app launch in Tennessee planned for May 7, 2025, subject to regulatory approval.","All customers must download new app and undergo enhanced approval process upon launch.","Company states transition is not expected to have a material negative impact on financial condition."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":160790,"accession_number":"0001641172-25-005235","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2025-04-17T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"VIP Play enters convertible note with CEO-controlled entity; $12.6M outstanding at 12% interest","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Note with Excel Family Partners (controlled by CEO Bruce Cassidy) for up to $14M; outstanding $12.6M as of Apr 17.","Interest 12% fixed per annum; due on demand; default rate 14%.","Conversion price at 80% of lowest recent share price over prior 12 months, with floor of $0.50 per share.","Additional $525,000 drawn on Apr 2 and Apr 11, 2025; no reborrowing after repayment.","Convertible feature may cause dilution for existing shareholders."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":160789,"accession_number":"0001641172-25-002484","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2025-04-03T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"VIP Play obtains interim WV i-Gaming and sportsbook license, expands beyond TN","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Approved interim license in West Virginia for both sports wagering and i-Gaming managed services.","Follows market access partnership with Delaware North’s Wheeling Island Casino.","First state expansion beyond Tennessee, where VIP currently operates as ZenSports.","Expects to begin serving West Virginia customers in the coming months.","CEO Bruce Cassidy says the license marks a significant milestone in the company's expansion."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":160788,"accession_number":"0001641172-25-002439","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2025-04-02T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"VIP Play amends convertible credit line to $14M; CEO's entity holds $12.1M outstanding","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Amends prior $5M note from August 2024; new principal limit $14M with Excel Family Partners, controlled by CEO Bruce Cassidy.","Outstanding balance $12,097,000 as of April 2, 2025; includes $414,000 drawn in late March.","Interest at 12% fixed; unpaid March 2025 interest deferred; principal and accrued interest due on demand.","Lender may convert debt into common stock at 80% of lowest share price in prior 12 months, floor $0.50.","No committed line; advances at lender's sole discretion; prepayment allowed with notice and accrued interest."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":178996,"accession_number":"0001493152-25-010888","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2025-03-19T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"VIP Play draws additional $740K from CEO affiliate note; balance rises to $11.68M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Borrowings under convertible note with CEO's affiliate Excel reach $11.68M, up from $4.41M at inception.","Interest fixed at 12% p.a.; note matures April 1, 2025; conversion at 80% of lowest recent stock sale price.","Four draws totaling $740,000 occurred between March 7-14, 2025.","The note is uncommitted; Excel may demand payment at any time, with optional conversion to common stock."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":178995,"accession_number":"0001493152-25-009360","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2025-03-06T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"VIP Play borrows $773K more under convertible note; total debt hits $10.9M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Borrowed $773K in four draws (Feb 20–Mar 5, 2025) under $5M discretionary convertible note from Excel Family Partners, controlled by CEO Bruce Cassidy.","Total outstanding principal rose to $10.943M, exceeding the original $5M limit, up from $4.41M in August 2024.","Note matures April 1, 2025, carries 12% fixed interest, and is convertible at 80% of the lowest stock price in prior 12 months.","Note is due on demand; related-party transaction as Excel is controlled by CEO and sole director Bruce Cassidy."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":178994,"accession_number":"0001493152-25-007050","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2025-02-18T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"VIP Play borrows additional $400K under convertible note from CEO, total $10.17M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Borrowed $190K on Feb 3 and $210K on Feb 12, 2025 under discretionary line of credit with Excel Family Partners, controlled by CEO Bruce Cassidy.","Aggregate outstanding principal now $10,170,000; interest at fixed 12% per annum.","Maturity date April 1, 2025; loan is payable on demand with acceleration upon default plus 2% penalty.","Excel may convert debt into common stock at 80% of the lowest share price in prior 12 months, floor $0.50."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":178993,"accession_number":"0001493152-25-005706","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2025-02-11T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"VIP Play signs four-year iGaming platform deal with White Hat Gaming","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Initial term of four years from first real-money deposit; auto-renews for two-year periods unless 180-day notice given.","White Hat provides desktop/mobile website, iOS/Android app, and PAM platform for sports betting and casino games.","Initial implementation fee payable in two equal installments within 30 and 60 days of effective date.","Monthly fees: fixed maintenance fee plus progressive percentage of net gaming revenue.","Services cover the U.S. exclusive of Florida; initial states include Tennessee and West Virginia."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":178992,"accession_number":"0001493152-25-004248","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2025-01-30T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"VIP Play borrows additional $455K under convertible note with CEO; total outstanding $9.77M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Borrowed $150,000 on Jan 21 and $305,000 on Jan 29, 2025 under convertible note with Excel Family Partners (CEO-controlled)","Total outstanding principal as of Jan 30, 2025 is $9.77M, up from $4.41M in Aug 2024","Note matures April 1, 2025; 12% fixed interest; convertible at 80% of lowest recent price (floor $0.50 per share)","Note is a discretionary demand facility; Excel may convert debt into common stock at any time"],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":178991,"accession_number":"0001493152-25-002142","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2025-01-14T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"VIP Play borrows additional $650K under CEO-controlled convertible note; total debt $9.315M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Borrowed $375,000 on Jan 9, 2025 and $275,000 on Jan 14, 2025 from Excel Family Partners (Bruce Cassidy, CEO/Chairman).","Total outstanding principal under the 12% convertible demand note now $9,315,000 as of Jan 14, 2025.","Maturity April 1, 2025; interest payable monthly at 12% fixed rate; conversion at 80% of lowest recent price (floor $0.50).","Note is with related party (Excel controlled by CEO); no committed line, loans at lender's discretion.","Company cannot reborrow after repayment; prepayment permitted with notice and accrued interest."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":178990,"accession_number":"0001493152-25-001413","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2025-01-08T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"VIP Play enters into amended sports betting solution agreement with Sports Information Services","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Five-year term after first live launch for sports betting solution in multiple states.","Two lump sum payments plus ongoing business fees based on % of net gaming revenue.","Territory includes Tennessee, West Virginia, Arizona, New Jersey, Pennsylvania, Michigan, and new territories.","Agreement replaces November 2024 framework agreement and amends key terms.","Supplier provides back-office, player account management, geo-location, e-wallet, and mobile applications."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":178989,"accession_number":"0001493152-25-000206","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2025-01-03T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"VIP Play borrows additional $480k under convertible note; total $8.67M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Borrowed $250k on Dec 27, 2024 and $230k on Jan 2, 2025 under convertible line with Excel Family Partners.","Total principal outstanding as of Jan 3, 2025 is $8.665 million; note matures April 1, 2025.","Note bears 12% fixed interest; convertible at 80% of lowest share price in prior 12 months.","Excel is controlled by CEO Bruce Cassidy, making the transaction a related-party debt."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":195677,"accession_number":"0001493152-24-051843","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2024-12-23T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"VIP Play borrows additional $320K under convertible note from CEO's entity; total $8.185M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Borrowed $320,000 on Dec 19, 2024 from Excel Family Partners (controlled by CEO Bruce Cassidy) under existing discretionary convertible note.","Total outstanding principal on the note is $8,185,000 as of Dec 23, 2024; interest at 12% fixed per annum.","Note matures April 1, 2025; convertible at 80% of the lowest recent share price in prior 12 months (floor $0.50).","Repayment is on demand by lender; company may prepay with accrued interest only."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":195676,"accession_number":"0001493152-24-050294","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2024-12-17T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"VIP Play signs online gaming pact with Wheeling Island for West Virginia market","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["10-year agreement dated Dec 9, 2024 gives VIP Play rights to offer poker, casino & sports wagering under Wheeling Island's license.","Non-refundable fee payable in two equal installments: within 30 and 90 business days from signing.","Revenue share based on net gaming revenue with a minimum annual guarantee payable quarterly.","VIP Play must obtain service licenses from West Virginia Lottery Commission to launch operations.","Agreement renewable unless material breach; Wheeling Island owns/operates Wheeling Island Hotel Casino Racetrack."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":195675,"accession_number":"0001493152-24-049862","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2024-12-13T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"VIP Play borrows additional $180K under convertible note with CEO-controlled entity; total outstanding $7.865M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Borrowed $180,000 on Dec 10, 2024 under existing $5M Note with Excel Family Partners (controlled by CEO Bruce Cassidy).","Total outstanding principal as of Dec 13, 2024 is $7,865,000, exceeding original $5M limit.","Note carries 12% fixed interest, convertible at 80% of lowest recent price (floor $0.50), matures April 1, 2025.","Related-party transaction as Excel is controlled by CEO and sole board member Bruce Cassidy.","No use of proceeds specified; funds likely for working capital."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":195674,"accession_number":"0001493152-24-047972","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2024-11-27T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"VIP Play borrows additional $725K under convertible note; total outstanding $7.685M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Borrowed additional $725,000 on Nov 22, 2024 under existing $5M convertible revolving line of credit.","Aggregate outstanding principal now $7,685,000; note matures April 1, 2025.","Interest at 12% per annum; conversion price at 80% of lowest recent stock sale price.","Lender Excel Family Partners is controlled by CEO Bruce Cassidy (related party).","Potential dilutive impact from conversion at discount to market price."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":195673,"accession_number":"0001493152-24-043954","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2024-11-07T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"VIP Play signs multi-year sportsbook deal with Kambi Group; $480k upfront payments plus revenue share","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["VIP Play entered a 4-year sports betting solution agreement with Kambi Group (via Sports Information Services).","Total upfront payments of $480k ($240k now + $240k at first live launch).","Revenue share fees of 10% to 14% of net gaming revenues.","Partnership covers Tennessee (current ZenSports operation) and future US states.","VIP Play will use Kambi's Turnkey Sportsbook alongside its proprietary technology."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":195672,"accession_number":"0001493152-24-043072","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2024-10-30T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"VIP Play increases related-party convertible note to $6.785M; borrows additional $275K","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Outstanding principal under convertible demand note with Excel Family Partners (controlled by CEO) now $6,785,000 as of Oct 30, 2024.","Borrowed $175,000 on Oct 25 and $100,000 on Oct 30 at 12% fixed interest; note matures April 1, 2025.","Conversion price: 80% of lowest recent share price in prior 12 months, floor $0.50 per share, at Excel's option.","Note is demand and uncommitted; no reborrowing after repayment of principal or interest.","All loans are from related party—CEO Bruce Cassidy controls Excel Family Partners."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":195671,"accession_number":"0001493152-24-041734","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2024-10-21T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"VIP Play borrows $225k more under CEO-related convertible note; total $6.51M outstanding","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Borrowed $100,000 on Oct 11 and $125,000 on Oct 17, 2024, under existing discretionary convertible note with Excel Family Partners (CEO Bruce Cassidy controls Excel).","Total outstanding principal balance as of Oct 21, 2024 is $6.51 million (up from $4.41 million in August 2024).","Note carries 12% fixed interest, due on demand or April 1, 2025; convertible at 80% of lowest recent price (floor $0.50 per share).","Loans are solely at Excel's discretion; no committed line; no reborrowing after repayment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":195670,"accession_number":"0001493152-24-038986","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2024-10-01T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"VIP Play borrows additional $550K from insider convertible note; total $6.285M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Borrowed $550,000 on Sept 26, 2024 under discretionary convertible note with CEO's entity Excel Family Partners.","Total principal outstanding $6,285,000 as of Oct 1, 2024; note matures Apr 1, 2025 but payable on demand.","Interest at 12% fixed per annum; conversion price at 80% of lowest recent stock price (floor $0.50/share).","Related-party transaction: lender Excel is controlled by CEO and sole board member Bruce Cassidy."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":211944,"accession_number":"0001493152-24-037909","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2024-09-24T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"VIP Play extends $850K in convertible note maturities to 2025","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Extended maturity of three convertible notes totaling $850K (12% interest) by one year to Aug/Sep 2025.","Notes originally issued Aug/Sep 2023: Hackel $200K, Colletti $500K, Access Fund $150K.","Amendment dated July 25, 2024, signed and effective September 19, 2024.","All other terms of the purchase agreements remain unchanged."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":211943,"accession_number":"0001493152-24-036324","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2024-09-16T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"KeyStar borrows additional $450K from CEO-affiliated lender; total debt $5.735M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Borrowed $450,000 on Sept 11, 2024 under existing note with Excel Family Partners (CEO Bruce Cassidy controls lender).","Total outstanding principal now $5,735,000; note carries 12% fixed interest, matures April 1, 2025.","Note is convertible into common stock at 80% of the lowest recent price in prior 12 months.","Interest payable monthly starting Oct 1, 2024; principal due on demand or at maturity.","Loan is uncommitted; no reborrowing after repayment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":211942,"accession_number":"0001493152-24-034544","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2024-08-30T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"KeyStar borrows additional $475K from related-party convertible note; total $5.285M outstanding","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Borrowed $475,000 on Aug 28, 2024 under convertible note from Excel Family Partners (CEO Bruce Cassidy's entity).","Aggregate outstanding principal now $5,285,000, exceeding original $5,000,000 note cap.","Note has 12% fixed interest, maturity April 1, 2025, convertible at 80% of lowest prior share price (floor $0.50).","Note is a demand obligation; no reborrowing allowed after any repayment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":211941,"accession_number":"0001493152-24-031682","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2024-08-13T23:59:59+00:00","items":["1.01","2.03","1.02","4.02","9.01"],"status":"ready","headline":"KeyStar restates Q1 2024; $4.4M derivative error; new $5M credit line from CEO affiliate","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Derivative liability understated by $4,388,883 for three and nine months ended March 31, 2024; loss on change in fair value also understated.","Company will amend its Q1 2024 10-Q by August 23, 2024; prior financial statements should no longer be relied upon.","Entered $4.11M Sixth Amended Note and $5M New LOC with Excel Family Partners (controlled by CEO Bruce Cassidy); $4.81M outstanding under New LOC as of Aug 13.","New LOC interest rate reduced to 12.0% vs 15.0% on prior note; both convertible at 80% of the lowest recent price.","Error identified on August 9, 2024; management discussed with independent auditor; restatement expected."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":211940,"accession_number":"0001493152-24-029412","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2024-07-29T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"KeyStar Corp. borrows additional $425K under line of credit; total outstanding $8.52M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Borrowed $425,000 on July 25, 2024 under existing $2M credit line with Excel Family Partners.","Aggregate outstanding principal as of July 29, 2024 is $8,520,000.","Interest accrues at 15% fixed rate per annum, payable monthly.","Note is convertible at 80% of the lowest share price in prior 24 months, causing potential dilution."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":211939,"accession_number":"0001493152-24-027069","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2024-07-12T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"KeyStar borrows additional $425K under high-interest credit line; total debt $8.1M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["On July 10, 2024, KeyStar borrowed $425,000 under existing $2M discretionary line of credit with Excel Family Partners.","Outstanding principal balance as of July 12, 2024 is $8,095,000; interest rate fixed at 15.0% per annum.","Excel may convert any portion of the debt into shares at 80% of the lowest recent price (min $0.50/share).","Principal and accrued interest are due on demand; prepayment allowed with notice and accrued interest.","Default triggers additional 2% interest and acceleration at Excel's option."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":211938,"accession_number":"0001493152-24-025744","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2024-07-01T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"KeyStar borrows additional $425K under amended line of credit; total outstanding $7.67M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Borrowed $425,000 on June 26, 2024 under Fifth Amended Line of Credit Note with Excel Family Partners.","Aggregate outstanding principal now $7,670,000 as of July 1, 2024.","Note bears fixed interest at 15% per annum; conversion feature at 80% of lowest recent stock price.","Outstanding principal and accrued interest due on demand; prepayment allowed with notice and accrued interest."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":230738,"accession_number":"0001493152-24-025074","cik":1832161,"company_name":"VIP Play, Inc.","ticker":"VIPZ","form_type":"8-K","filed_at":"2024-06-25T23:59:59+00:00","items":["4.02"],"status":"ready","headline":"KeyStar Corp restates fiscal 2022 annual and multiple 2023 quarterly financials due to accounting errors","summary_kind":"llm","event_type":"other_material","confidence":"medium","bullets":["Restates fiscal year ended June 30, 2022 due to overstatement of Series B preferred stock value by $747,102.","Restates quarters ended Sep 30, Dec 31, 2022 and Mar 31, 2023 due to errors in asset purchase valuation (ZenSports) and debt issuance costs.","Management concluded prior financial statements should no longer be relied upon; restated statements included in later SEC filings.","Errors identified in February 2024; filing date June 25, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":21130000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2024-06-25T23:59:59+00:00|230738"}