secwatch.observer — SEC 8-K summary
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Issuer:     VIP Play, Inc. (VIPZ)
CIK:        0001832161
Form:       8-K
Filed at:   2023-08-29T23:59:59+00:00
Accession:  0001493152-23-030546
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KeyStar Corp. raises $700k in convertible notes as part of up to $2M offering
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832161/000149315223030546/0001493152-23-030546-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832161/000149315223030546/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-030546

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