{"schema_version":"secwatch.filing_event.v1","accession":"0001393905-23-000212","form_type":"8-K","ticker":"VIPZ","cik":"0001832161","company_name":"VIP Play, Inc.","filed_at":"2023-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.990845+00:00","generated_at":"2026-06-15T14:18:04.827550+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"KeyStar Corp. issues $1.6M promissory note to related party Excel, with warrant for 1.6M shares at $0.25","bullets":["Principal $1.6M, flat fee $160k, maturity Nov 4, 2023; prepayment before Aug 4 reduces fee to $140k.","Excel controlled by Bruce Cassidy (Secretary and sole board member); transaction is a related party deal.","Warrant to purchase 1.6M shares at $0.25/share, exercisable through May 4, 2028, on cash or cashless basis.","Note is unsecured; default triggers 25% annual interest on unpaid principal.","Warrant issued under Rule 506(b)/Section 4(a)(2) exemption; Excel is an accredited investor."],"urls":{"canonical":"https://secwatch.observer/filing/0001393905-23-000212","json":"https://secwatch.observer/filing/0001393905-23-000212.json","markdown":"https://secwatch.observer/filing/0001393905-23-000212.md","text":"https://secwatch.observer/filing/0001393905-23-000212.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1832161/000139390523000212/0001393905-23-000212-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1832161/000139390523000212/keyr-20230505.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T14:18:04.827550+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":"766ac8332a9c205601eb547a00c71eca4a90cddc","claim":"VIP Play, Inc. incurred loan of $1,600,000 with Excel Family Partners, LLLP at twenty-five percent (25%) per annum maturing 2023-11-04.","evidence_excerpt":"On May 5, 2023, KeyStar Corp., a Nevada corporation (the “ Company ,” “ we ” or “ our ”), entered into a Promissory Note with Excel Family Partners, LLLP, a Florida limited liability limited partnership (“ Excel ”) in the principal amount of $1,600,000 (the “ Note ”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1832161/000139390523000212/0001393905-23-000212-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$1,600,000"},{"label":"Counterparty","value":"Excel Family Partners, LLLP"},{"label":"Rate","value":"twenty-five percent (25%) per annum"},{"label":"Maturity","value":"2023-11-04"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}