{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-014623","form_type":"8-K","ticker":"VIPZ","cik":"0001832161","company_name":"VIP Play, Inc.","filed_at":"2024-04-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.552366+00:00","generated_at":"2026-06-03T23:04:37.592327+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"KeyStar Corp borrows additional $400,000 under line of credit; total debt $5.21M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-014623","json":"https://secwatch.observer/filing/0001493152-24-014623.json","markdown":"https://secwatch.observer/filing/0001493152-24-014623.md","text":"https://secwatch.observer/filing/0001493152-24-014623.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1832161/000149315224014623/0001493152-24-014623-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1832161/000149315224014623/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T23:04:37.592327+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":"cb77649f45d8f3e3953e877d171c285681964828","claim":"VIP Play, Inc. incurred loan of an additional $400,000 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/1832161/000149315224014623/0001493152-24-014623-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"an additional $400,000"},{"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"}