---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-029412"
form_type: "8-K"
ticker: "VIPZ"
cik: "0001832161"
company_name: "VIP Play, Inc."
filed_at: "2024-07-29T23:59:59+00:00"
generated_at: "2026-05-31T15:46:11.847830+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# KeyStar Corp. borrows additional $425K under line of credit; total outstanding $8.52M

## Summary
- Borrowed $425,000 on July 25, 2024 under existing $2M credit line with Excel Family Partners.
- Aggregate outstanding principal as of July 29, 2024 is $8,520,000.
- Interest accrues at 15% fixed rate per annum, payable monthly.
- Note is convertible at 80% of the lowest share price in prior 24 months, causing potential dilution.

## SEC filing metadata
- accession: 0001493152-24-029412
- form_type: 8-K
- ticker: VIPZ
- cik: 0001832161
- company_name: VIP Play, Inc.
- filed_at: 2024-07-29T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1832161/000149315224029412/0001493152-24-029412-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1832161/000149315224029412/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-029412
- JSON: https://secwatch.observer/filing/0001493152-24-029412.json
- Plain text: https://secwatch.observer/filing/0001493152-24-029412.txt

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