{"schema_version":"secwatch.filing_event.v1","accession":"0001393905-22-000228","form_type":"8-K","ticker":"VIPZ","cik":"0001832161","company_name":"VIP Play, Inc.","filed_at":"2022-07-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:57.323354+00:00","generated_at":"2026-06-24T21:26:35.107601+00:00","sec_items":["1.01","3.02","3.03","5.02","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"KeyStar Corp. sells $200k Series C Preferred to related party; appoints two directors","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001393905-22-000228","json":"https://secwatch.observer/filing/0001393905-22-000228.json","markdown":"https://secwatch.observer/filing/0001393905-22-000228.md","text":"https://secwatch.observer/filing/0001393905-22-000228.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1832161/000139390522000228/0001393905-22-000228-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1832161/000139390522000228/keyr-20220628.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T21:26:35.107601+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":[{"claim_id":"e927c542a1","claim":"John Linss was appointed as Director at VIP Play, Inc..","evidence_excerpt":"On June 28, 2022, the Board created two new directorships and appointed John Linss and Bruce A. Cassidy to the Board, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1832161/000139390522000228/0001393905-22-000228-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"fd3ffa33ea","claim":"Bruce A. Cassidy was appointed as Director at VIP Play, Inc..","evidence_excerpt":"On June 28, 2022, the Board created two new directorships and appointed John Linss and Bruce A. Cassidy to the Board, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1832161/000139390522000228/0001393905-22-000228-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}