---
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"
generated_at: "2026-05-31T21:16:54.800847+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# KeyStar borrows additional $425K under high-interest credit line; total debt $8.1M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-027069
- JSON: https://secwatch.observer/filing/0001493152-24-027069.json
- Plain text: https://secwatch.observer/filing/0001493152-24-027069.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.