{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-027069","form_type":"8-K","ticker":"VIPZ","cik":"0001832161","company_name":"VIP Play, Inc.","filed_at":"2024-07-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.781949+00:00","generated_at":"2026-05-31T21:16:54.800847+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"KeyStar borrows additional $425K under high-interest credit line; total debt $8.1M","bullets":["On July 10, 2024, KeyStar borrowed $425,000 under existing $2M discretionary line of credit with Excel Family Partners.","Outstanding principal balance as of July 12, 2024 is $8,095,000; interest rate fixed at 15.0% per annum.","Excel may convert any portion of the debt into shares at 80% of the lowest recent price (min $0.50/share).","Principal and accrued interest are due on demand; prepayment allowed with notice and accrued interest.","Default triggers additional 2% interest and acceleration at Excel's option."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-027069","json":"https://secwatch.observer/filing/0001493152-24-027069.json","markdown":"https://secwatch.observer/filing/0001493152-24-027069.md","text":"https://secwatch.observer/filing/0001493152-24-027069.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1832161/000149315224027069/0001493152-24-027069-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1832161/000149315224027069/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T21:16:54.800847+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}