{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-015913","form_type":"8-K","ticker":"VIPZ","cik":"0001832161","company_name":"VIP Play, Inc.","filed_at":"2024-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.552691+00:00","generated_at":"2026-06-03T08:12:45.874076+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"KeyStar borrows additional $475K at 15% under amended credit line with Excel Family Partners","bullets":["Borrowed $475,000 on April 24, 2024 under Fifth Amended Note; total outstanding principal now $5,685,000.","Interest fixed at 15% per annum, payable monthly in arrears; principal and accrued interest due on demand.","Lender may convert debt to common shares at 80% of the lowest price per share sold in prior 24 months.","Company retains right to prepay without penalty with prior written notice and accrued interest."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-015913","json":"https://secwatch.observer/filing/0001493152-24-015913.json","markdown":"https://secwatch.observer/filing/0001493152-24-015913.md","text":"https://secwatch.observer/filing/0001493152-24-015913.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1832161/000149315224015913/0001493152-24-015913-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1832161/000149315224015913/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T08:12:45.874076+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":"85b264486a10a2604950c807ecf3c532bdc1eb79","claim":"VIP Play, Inc. incurred credit facility of $5,685,000 aggregate outstanding principal balance as of April 25, 2024 (including additional borrowing of $475,000 on A with Excel Family Partners, LLLP at 15.0% fixed per annum maturing Due upon demand.","evidence_excerpt":"On April 24, 2024, we borrowed an additional $475,000 under the Note. As of April 25, 2024, the aggregate outstanding principal balance of all loans under the Note is $5,685,000.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1832161/000149315224015913/0001493152-24-015913-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$5,685,000 aggregate outstanding principal balance as of April 25, 2024 (including additional borrowing of $475,000 on A"},{"label":"Counterparty","value":"Excel Family Partners, LLLP"},{"label":"Rate","value":"15.0% fixed per annum"},{"label":"Maturity","value":"Due upon demand"},{"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"}