{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-011899","form_type":"8-K","ticker":"VIPZ","cik":"0001832161","company_name":"VIP Play, Inc.","filed_at":"2024-03-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.830653+00:00","generated_at":"2026-06-04T05:31:02.608115+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"KeyStar Corp borrows additional $350k under demand note; total outstanding $4.81M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-011899","json":"https://secwatch.observer/filing/0001493152-24-011899.json","markdown":"https://secwatch.observer/filing/0001493152-24-011899.md","text":"https://secwatch.observer/filing/0001493152-24-011899.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1832161/000149315224011899/0001493152-24-011899-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1832161/000149315224011899/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T05:31:02.608115+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":"76b265069cacb2e4fd337b431865b3bb9fb8a27b","claim":"VIP Play, Inc. incurred debt 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/1832161/000149315224011899/0001493152-24-011899-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"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"}