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

Issuer:     VIP Play, Inc. (VIPZ)
CIK:        0001832161
Form:       8-K
Filed at:   2024-07-29T23:59:59+00:00
Accession:  0001493152-24-029412
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832161/000149315224029412/0001493152-24-029412-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832161/000149315224029412/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-029412

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