home · filing · 0001393905-22-000228
8-K filed July 5, 2022, 7:59 PM ET
ticker VIPZ
CIK 0001832161
other material
confidence high
sentiment neutral
materiality 0.30
KeyStar Corp. sells $200k Series C Preferred to related party; appoints two directors
VIP Play, Inc.
Sold 666,666 Series C Preferred shares at $0.30/share ($199,999.80 total) to Excel Family Partners; exempt under Rule 506(b).
Series C Preferred carries liquidation preference of $0.30 plus 6% annual compounded; converts on $6M offering or holder's request.
Board appointed John Linss (former Caesars CTO) and Bruce A. Cassidy (Secretary, ex-CEO) as directors effective June 28, 2022.
Bruce Cassidy controls both the Series C investor (Excel) and a $250,000 line of credit from Excel dated Feb 2022.
Related-party transactions disclosed: Cassidy's entities hold Series B Preferred and promissory notes.
Executive movements
Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements .
Appointed
John Linss
Director
Effective 2022-06-28
Filed July 5, 2022, 7:59 PM ET
On June 28, 2022, the Board created two new directorships and appointed John Linss and Bruce A. Cassidy to the Board, effective immediately.
Appointed
Bruce A. Cassidy
Director
Effective 2022-06-28
Filed July 5, 2022, 7:59 PM ET
On June 28, 2022, the Board created two new directorships and appointed John Linss and Bruce A. Cassidy to the Board, effective immediately.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Linss was appointed as Director at VIP Play, Inc..
Action appointed
Role Director
Exact text from the filing
On June 28, 2022, the Board created two new directorships and appointed John Linss and Bruce A. Cassidy to the Board, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Bruce A. Cassidy was appointed as Director at VIP Play, Inc..
Action appointed
Role Director
Exact text from the filing
On June 28, 2022, the Board created two new directorships and appointed John Linss and Bruce A. Cassidy to the Board, effective immediately.
View on SEC.gov
Source: SEC EDGAR
accession 0001393905-22-000228
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