secwatch.observer — SEC 8-K summary
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Issuer:     VIP Play, Inc. (VIPZ)
CIK:        0001832161
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001493152-24-015913
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KeyStar borrows additional $475K at 15% under amended credit line with Excel Family Partners
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832161/000149315224015913/0001493152-24-015913-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832161/000149315224015913/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-015913

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