KeyStar acquires Ultimate Gamer assets from related party in stock deal, borrows $160K, issues shares, director resigns

VIP Play, Inc.

Acquired Ultimate Gamer IP assets from Excel Members (53.7% owned by director Cassidy) for 1.5M shares valued at $1.00 each.
Assigned mask/convention business assets and liabilities to Topsight Corporation, controlled by former CFO Zixiao Chen.
Borrowed $160,000 under $2M line of credit from Excel Family Partners for working capital; total outstanding $1,202,123.
Sold 250,000 shares at $1.00 each in private placement to one accredited investor, raising $250,000.
Director Roger Tichenor resigned; board now consists of Cassidy and John Linss.

item 1.01 item 2.01 item 2.03 item 3.02 item 5.02 item 9.01

Executive movements

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Departed

Roger Tichenor

Director

VIPZ · VIP Play, Inc.

Effective: 2022-09-15
Filed: September 16, 2022, 7:59 PM ET

Mr. Roger Tichenor has resigned as a member of our board of directors, effective September 15, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Roger Tichenor resigned as Director at VIP Play, Inc..

Action: resigned
Role: Director

Exact text from the filing

Mr. Roger Tichenor has resigned as a member of our board of directors, effective September 15, 2022.

View on SEC.gov

VIP Play, Inc. filing history →

Source: SEC EDGAR

accession 0001393905-22-000369

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