VIP Play, Inc. (VIPZ): debt financing — KeyStar Corp borrows additional $400,000 under line of credit; total debt $5.21M

VIP Play, Inc.

Borrowed $400,000 on April 10, 2024 under existing Note with Excel Family Partners.
Aggregate outstanding principal now $5,210,000, up from $1,135,000 in December 2023.
Note bears fixed interest at 15% per annum, payable monthly, due on demand.
Debt convertible into shares at 80% of lowest recent price in prior 24 months (floor $0.50/share).
Company may prepay with prior written notice and 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 loan of an additional $400,000 with Excel Family Partners, LLLP at 15.0%.

Instrument: loan
Principal: an additional $400,000
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 ”)

View on SEC.gov

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

VIP Play, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-014623

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.