{"schema_version":"secwatch.filing_event.v1","accession":"0001393905-23-000090","form_type":"8-K","ticker":"VIPZ","cik":"0001832161","company_name":"VIP Play, Inc.","filed_at":"2023-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.922374+00:00","generated_at":"2026-06-18T22:39:45.321188+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"KeyStar Corp. increases related-party credit line to $4M, issues warrant for 4M shares","bullets":["Entered Second Amended Note with Excel Family Partners (controlled by sole director Bruce Cassidy) increasing maximum principal from $2M to $4M.","Outstanding balance as of Feb 28, 2023: $3,776,876.51; interest at 15% fixed per annum.","Issued warrant to purchase 4,000,000 shares at $0.25 per share, exercisable through Feb 1, 2028.","Note is convertible at 80% of lowest recent price; lender may convert debt to common stock.","Note is non-revolving, discretionary, and due on demand; no committed line."],"urls":{"canonical":"https://secwatch.observer/filing/0001393905-23-000090","json":"https://secwatch.observer/filing/0001393905-23-000090.json","markdown":"https://secwatch.observer/filing/0001393905-23-000090.md","text":"https://secwatch.observer/filing/0001393905-23-000090.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1832161/000139390523000090/0001393905-23-000090-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1832161/000139390523000090/keyr-20230224.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T22:39:45.321188+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":"95f78d2662498118712e64f88e3d92da34331a1e","claim":"VIP Play, Inc. amended revolving credit of not more than $4,000,000 with Excel Family Partners, LLLP at a fixed rate per annum equal to 15.0% maturing due and payable upon demand.","evidence_excerpt":"On February 24, 2023, KeyStar Corp., a Nevada corporation (the “ Company ,” “ we ” or “ our ”), entered into a Second Amended and Restated Discretionary Non-Revolving Line Of Credit Demand Note with Excel Family Partners, LLLP, a Florida limited liability limited partnership (“ Excel ”) in the principal amount of not more than $4,000,000 (the “ Note ”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1832161/000139390523000090/0001393905-23-000090-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"not more than $4,000,000"},{"label":"Counterparty","value":"Excel Family Partners, LLLP"},{"label":"Rate","value":"a fixed rate per annum equal to 15.0%"},{"label":"Maturity","value":"due and payable upon demand"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}