VIP Play borrows additional $550K from insider convertible note; total $6.285M

VIP Play, Inc.

Borrowed $550,000 on Sept 26, 2024 under discretionary convertible note with CEO's entity Excel Family Partners.
Total principal outstanding $6,285,000 as of Oct 1, 2024; note matures Apr 1, 2025 but payable on demand.
Interest at 12% fixed per annum; conversion price at 80% of lowest recent stock price (floor $0.50/share).
Related-party transaction: lender Excel is controlled by CEO and sole board member Bruce Cassidy.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.