secwatch.observer — SEC 8-K summary
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Issuer:     VIP Play, Inc. (VIPZ)
CIK:        0001832161
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0001493152-24-010228
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KeyStar borrows additional $350,000 under demand note; total $4.46M at 15%
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832161/000149315224010228/0001493152-24-010228-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832161/000149315224010228/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-010228

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