debt
confidence high
sentiment neutral
materiality 0.50
KeyStar borrows additional $425K under amended line of credit; total outstanding $7.67M
VIP Play, Inc.
- Borrowed $425,000 on June 26, 2024 under Fifth Amended Line of Credit Note with Excel Family Partners.
- Aggregate outstanding principal now $7,670,000 as of July 1, 2024.
- Note bears fixed interest at 15% per annum; conversion feature at 80% of lowest recent stock price.
- Outstanding principal and accrued interest due on demand; prepayment allowed with notice and accrued interest.