{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-038986","form_type":"8-K","ticker":"VIPZ","cik":"0001832161","company_name":"VIP Play, Inc.","filed_at":"2024-10-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.910471+00:00","generated_at":"2026-05-30T23:41:47.963230+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"VIP Play borrows additional $550K from insider convertible note; total $6.285M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-038986","json":"https://secwatch.observer/filing/0001493152-24-038986.json","markdown":"https://secwatch.observer/filing/0001493152-24-038986.md","text":"https://secwatch.observer/filing/0001493152-24-038986.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1832161/000149315224038986/0001493152-24-038986-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1832161/000149315224038986/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T23:41:47.963230+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"}