secwatch.observer — SEC 8-K summary
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Issuer:     VIP Play, Inc. (VIPZ)
CIK:        0001832161
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0001493152-23-025386
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KeyStar Corp. increases related-party line of credit to $5M at 15% interest, issues warrant
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- Third Amended Note raises max principal to $5M from prior $4M; outstanding $4.25M after $400K draw on July 24.
- Fixed 15% annual interest; note is non-revolving and due on demand.
- Warrant issued for 1M shares at $0.25/share, exercisable through July 17, 2028.
- Lender Excel Family Partners is controlled by sole board member/Secretary Bruce Cassidy.
- Proceeds used for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832161/000149315223025386/0001493152-23-025386-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832161/000149315223025386/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-025386

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