---
schema_version: "secwatch.filing_event.v1"
accession: "0001393905-22-000369"
form_type: "8-K"
ticker: "VIPZ"
cik: "0001832161"
company_name: "VIP Play, Inc."
filed_at: "2022-09-16T23:59:59+00:00"
generated_at: "2026-06-23T09:11:47.141434+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001393905-22-000369
- form_type: 8-K
- ticker: VIPZ
- cik: 0001832161
- company_name: VIP Play, Inc.
- filed_at: 2022-09-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1832161/000139390522000369/0001393905-22-000369-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1832161/000139390522000369/keyr-20220912.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001393905-22-000369
- JSON: https://secwatch.observer/filing/0001393905-22-000369.json
- Plain text: https://secwatch.observer/filing/0001393905-22-000369.txt

## Key facts
- Executive change
  Roger Tichenor resigned as Director at VIP Play, Inc..
  - Action: resigned
  - Role: Director
  source text: Mr. Roger Tichenor has resigned as a member of our board of directors, effective September 15, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1832161/000139390522000369/0001393905-22-000369-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.