{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-010228","form_type":"8-K","ticker":"VIPZ","cik":"0001832161","company_name":"VIP Play, Inc.","filed_at":"2024-03-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.830455+00:00","generated_at":"2026-06-04T15:38:44.828986+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"KeyStar borrows additional $350,000 under demand note; total $4.46M at 15%","bullets":["Borrowed $350,000 additional under Fifth Amended Note from Excel Family Partners on March 12, 2024.","Total outstanding principal under the note is $4,460,000 as of March 18, 2024.","Interest accrues at 15% fixed per annum, payable in arrears monthly.","Note is payable on demand; company may prepay with accrued interest.","Excel may convert all or part of debt into shares at 80% of lowest recent price (min $0.50/share)."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-010228","json":"https://secwatch.observer/filing/0001493152-24-010228.json","markdown":"https://secwatch.observer/filing/0001493152-24-010228.md","text":"https://secwatch.observer/filing/0001493152-24-010228.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1832161/000149315224010228/0001493152-24-010228-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1832161/000149315224010228/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T15:38:44.828986+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":"b1da1dac1a53e0125d89b610334015225da2b9f5","claim":"VIP Play, Inc. incurred loan of $350,000 with Excel Family Partners, LLLP at 15.0%.","evidence_excerpt":"ine Of Credit Demand Note with Excel Family Partners, LLLP, a Florida limited liability limited partnership (“ Excel ”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1832161/000149315224010228/0001493152-24-010228-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$350,000"},{"label":"Counterparty","value":"Excel Family Partners, LLLP"},{"label":"Rate","value":"15.0%"},{"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"}