{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-030546","form_type":"8-K","ticker":"VIPZ","cik":"0001832161","company_name":"VIP Play, Inc.","filed_at":"2023-08-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.572671+00:00","generated_at":"2026-06-11T02:29:47.726095+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. raises $700k in convertible notes as part of up to $2M offering","bullets":["Issued $200k note to Rick Hackel and $500k note to Dennis Colletti; total offering up to $2M.","Notes carry 12% annual interest, paid monthly; principal due in one-year balloon payment.","Conversion price at 80% of lowest common stock sale price (or $1 if no sales during period).","Proceeds to raise reserve funds required to cover increases in wagers.","No prepayment right; notes exempt from registration under Section 4(a)(2) and Rule 506(b)."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-030546","json":"https://secwatch.observer/filing/0001493152-23-030546.json","markdown":"https://secwatch.observer/filing/0001493152-23-030546.md","text":"https://secwatch.observer/filing/0001493152-23-030546.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1832161/000149315223030546/0001493152-23-030546-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1832161/000149315223030546/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T02:29:47.726095+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":"2dc5cb750a54f341bb7a94acbbd350d3fa2fc4f3","claim":"VIP Play, Inc. incurred convertible notes of $200,000 for Hackel Note and $500,000 for Colletti Note, part of a $2,000,000 aggregate offering with Rick Hackel; Dennis Colletti at 12% per annum maturing one year from issuance date.","evidence_excerpt":"On August 23, 2023, KeyStar Corp., a Nevada corporation (the “ Company, ” “ we ” or “ our ”), entered into a Convertible Note Purchase Agreement (the “ Purchase Agreement ”) and a Convertible Promissory Note with Rick Hackel (“ Hackel ”) in the principal amount of $200,000 (the “ Hackel Note ”). On August 28, 2023, we entered into a Purchase Agreement and a Convertible Promissory Note with Dennis Colletti (together with Hackel, “ Investors ”) in the principal amount of $500,000 (together with the Hackel Note, the “ Notes ”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1832161/000149315223030546/0001493152-23-030546-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$200,000 for Hackel Note and $500,000 for Colletti Note, part of a $2,000,000 aggregate offering"},{"label":"Counterparty","value":"Rick Hackel; Dennis Colletti"},{"label":"Rate","value":"12% per annum"},{"label":"Maturity","value":"one year from issuance date"},{"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"}