{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-034544","form_type":"8-K","ticker":"VIPZ","cik":"0001832161","company_name":"VIP Play, Inc.","filed_at":"2024-08-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.782553+00:00","generated_at":"2026-05-31T06:50:26.315775+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"KeyStar borrows additional $475K from related-party convertible note; total $5.285M outstanding","bullets":["Borrowed $475,000 on Aug 28, 2024 under convertible note from Excel Family Partners (CEO Bruce Cassidy's entity).","Aggregate outstanding principal now $5,285,000, exceeding original $5,000,000 note cap.","Note has 12% fixed interest, maturity April 1, 2025, convertible at 80% of lowest prior share price (floor $0.50).","Note is a demand obligation; no reborrowing allowed after any repayment."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-034544","json":"https://secwatch.observer/filing/0001493152-24-034544.json","markdown":"https://secwatch.observer/filing/0001493152-24-034544.md","text":"https://secwatch.observer/filing/0001493152-24-034544.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1832161/000149315224034544/0001493152-24-034544-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1832161/000149315224034544/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T06:50:26.315775+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"}