secwatch.observer — SEC 8-K summary
======================================

Issuer:     VIP Play, Inc. (VIPZ)
CIK:        0001832161
Form:       8-K
Filed at:   2024-07-01T23:59:59+00:00
Accession:  0001493152-24-025744
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KeyStar borrows additional $425K under amended line of credit; total outstanding $7.67M
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832161/000149315224025744/0001493152-24-025744-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832161/000149315224025744/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-025744

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer