{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-043072","form_type":"8-K","ticker":"VIPZ","cik":"0001832161","company_name":"VIP Play, Inc.","filed_at":"2024-10-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.910886+00:00","generated_at":"2026-05-30T08:29:44.874458+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"VIP Play increases related-party convertible note to $6.785M; borrows additional $275K","bullets":["Outstanding principal under convertible demand note with Excel Family Partners (controlled by CEO) now $6,785,000 as of Oct 30, 2024.","Borrowed $175,000 on Oct 25 and $100,000 on Oct 30 at 12% fixed interest; note matures April 1, 2025.","Conversion price: 80% of lowest recent share price in prior 12 months, floor $0.50 per share, at Excel's option.","Note is demand and uncommitted; no reborrowing after repayment of principal or interest.","All loans are from related party—CEO Bruce Cassidy controls Excel Family Partners."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-043072","json":"https://secwatch.observer/filing/0001493152-24-043072.json","markdown":"https://secwatch.observer/filing/0001493152-24-043072.md","text":"https://secwatch.observer/filing/0001493152-24-043072.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1832161/000149315224043072/0001493152-24-043072-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1832161/000149315224043072/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T08:29:44.874458+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"}