secwatch.observer — SEC 8-K summary
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Issuer:     VIP Play, Inc. (VIPZ)
CIK:        0001832161
Form:       8-K
Filed at:   2024-04-15T23:59:59+00:00
Accession:  0001493152-24-014623
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KeyStar Corp borrows additional $400,000 under line of credit; total debt $5.21M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832161/000149315224014623/0001493152-24-014623-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832161/000149315224014623/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-014623

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