VIP Play, Inc. (VIPZ): debt financing — KeyStar Corp borrows additional $350k under demand note; total outstanding $4.81M

VIP Play, Inc.

Borrowed $350k on March 27, 2024 under Fifth Amended Note with Excel Family Partners.
Total outstanding principal balance now $4,810,000 as of March 29, 2024.
Note bears fixed interest at 15% per annum, payable monthly, due on demand.
Excel may convert debt into shares at 80% of lowest recent price per share in prior 24 months.
Prepayment requires prior written notice and payment of accrued interest.

item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

VIP Play, Inc. incurred debt of $350,000 with Excel Family Partners, LLLP at 15.0%.

Principal: $350,000
Counterparty: Excel Family Partners, LLLP
Rate: 15.0%
Event: incurrence

Exact text from the filing

ine Of Credit Demand Note with Excel Family Partners, LLLP, a Florida limited liability limited partnership (“ Excel ”)

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

VIP Play, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-011899

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