{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-041734","form_type":"8-K","ticker":"VIPZ","cik":"0001832161","company_name":"VIP Play, Inc.","filed_at":"2024-10-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.910673+00:00","generated_at":"2026-05-30T12:24:41.685721+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"VIP Play borrows $225k more under CEO-related convertible note; total $6.51M outstanding","bullets":["Borrowed $100,000 on Oct 11 and $125,000 on Oct 17, 2024, under existing discretionary convertible note with Excel Family Partners (CEO Bruce Cassidy controls Excel).","Total outstanding principal balance as of Oct 21, 2024 is $6.51 million (up from $4.41 million in August 2024).","Note carries 12% fixed interest, due on demand or April 1, 2025; convertible at 80% of lowest recent price (floor $0.50 per share).","Loans are solely at Excel's discretion; no committed line; no reborrowing after repayment."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-041734","json":"https://secwatch.observer/filing/0001493152-24-041734.json","markdown":"https://secwatch.observer/filing/0001493152-24-041734.md","text":"https://secwatch.observer/filing/0001493152-24-041734.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1832161/000149315224041734/0001493152-24-041734-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1832161/000149315224041734/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T12:24:41.685721+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"}