---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-036324"
form_type: "8-K"
ticker: "VIPZ"
cik: "0001832161"
company_name: "VIP Play, Inc."
filed_at: "2024-09-16T23:59:59+00:00"
generated_at: "2026-05-31T04:40:35.509207+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# KeyStar borrows additional $450K from CEO-affiliated lender; total debt $5.735M

## Summary
- Borrowed $450,000 on Sept 11, 2024 under existing note with Excel Family Partners (CEO Bruce Cassidy controls lender).
- Total outstanding principal now $5,735,000; note carries 12% fixed interest, matures April 1, 2025.
- Note is convertible into common stock at 80% of the lowest recent price in prior 12 months.
- Interest payable monthly starting Oct 1, 2024; principal due on demand or at maturity.
- Loan is uncommitted; no reborrowing after repayment.

## SEC filing metadata
- accession: 0001493152-24-036324
- form_type: 8-K
- ticker: VIPZ
- cik: 0001832161
- company_name: VIP Play, Inc.
- filed_at: 2024-09-16T23:59:59+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/1832161/000149315224036324/0001493152-24-036324-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1832161/000149315224036324/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-036324
- JSON: https://secwatch.observer/filing/0001493152-24-036324.json
- Plain text: https://secwatch.observer/filing/0001493152-24-036324.txt

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