secwatch.observer — SEC 8-K summary
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Issuer:     VIP Play, Inc. (VIPZ)
CIK:        0001832161
Form:       8-K
Filed at:   2023-03-02T23:59:59+00:00
Accession:  0001393905-23-000102
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KeyStar Corp. repurchases 3.3M Series C Preferred shares from former CEO for $2M, issues $1.7M promissory note
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- Repurchased 3,313,333 Series C Preferred shares from former CEO John Linss and Corespeed, LLC for $2,000,000.
- Paid $300,000 cash at closing; issued 5% promissory note for $1,700,000 balance.
- Note requires at least $850,000 payment by 12-month anniversary; balloon due by 24-month anniversary or 5 days after listing on Nasdaq/NYSE/NYSE American.
- Transaction stems from Separation Agreement dated January 10, 2023, following Linss's resignation as CEO and board member.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832161/000139390523000102/0001393905-23-000102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832161/000139390523000102/keyr-20230227.htm
  HTML page:      https://secwatch.observer/filing/0001393905-23-000102

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer