secwatch / observer
8-K filed September 19, 2023, 7:59 PM ET ticker VIPZ CIK 0001832161
leadership confidence high sentiment negative materiality 0.70

VIP Play, Inc. (VIPZ): debt financing — CFO departs KeyStar; CEO becomes acting CFO; credit line expanded to $10M with warrant

VIP Play, Inc.

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed (interim)

Anthony Fidaleo

Chief Financial Officer
VIPZ · VIP Play, Inc.
Effective
2023-09-15
Successor
Mark Thomas
Filed
September 19, 2023, 7:59 PM ET
On and effective as of September 15, 2023, Anthony Fidaleo departed as our Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer and Treasurer (collectively, our “ CFO ”).
Role change (interim)

Mark Thomas

Acting Chief Financial Officer
VIPZ · VIP Play, Inc.
Effective
2023-09-15
Filed
September 19, 2023, 7:59 PM ET
Mark Thomas, our current Chief Executive Officer, Principal Executive Officer and President since January 10, 2023, has agreed to serve as our acting CFO on an interim basis until such time as we appoint a new permanent CFO.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

VIP Play, Inc. amended credit facility of $10,000,000 with Excel Family Partners, LLLP at 15.0% per annum maturing on demand.

Instrument
credit facility
Principal
$10,000,000
Counterparty
Excel Family Partners, LLLP
Rate
15.0% per annum
Maturity
on demand
Event
amendment
Exact text from the filing
On September 14, 2023, KeyStar Corp., a Nevada corporation (the " Company, " " we " or " our "), entered into a Fourth Amended and Restated Discretionary Non-Revolving Line Of Credit Demand Note with Excel Family Partners, LLLP, a Florida limited liability limited partnership (" Excel ") in the principal amount of not more than $10,000,000 (the " Note "). The Note amends and restates that certain Third Amended and Restated Discretionary Non-Revolving Line Of Credit Demand Note between us and Excel entered into on July 18, 2023 in the principal amount of not more than $5,000,000 (the " Former Note ").
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Anthony Fidaleo departed as Chief Financial Officer at VIP Play, Inc..

Action
departed
Role
Chief Financial Officer
Exact text from the filing
On and effective as of September 15, 2023, Anthony Fidaleo departed as our Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer and Treasurer (collectively, our “ CFO ”).
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Mark Thomas was appointed as Acting Chief Financial Officer at VIP Play, Inc..

Action
appointed
Role
Acting Chief Financial Officer
Exact text from the filing
Mark Thomas, our current Chief Executive Officer, Principal Executive Officer and President since January 10, 2023, has agreed to serve as our acting CFO on an interim basis until such time as we appoint a new permanent CFO.
View on SEC.gov

225 debt financings filed in the last 30 days. Browse all debt financings →

VIP Play, Inc. filing history →

Source: SEC EDGAR
accession 0001493152-23-033053
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