{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-047972","form_type":"8-K","ticker":"VIPZ","cik":"0001832161","company_name":"VIP Play, Inc.","filed_at":"2024-11-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.911284+00:00","generated_at":"2026-05-29T15:06:28.603454+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 borrows additional $725K under convertible note; total outstanding $7.685M","bullets":["Borrowed additional $725,000 on Nov 22, 2024 under existing $5M convertible revolving line of credit.","Aggregate outstanding principal now $7,685,000; note matures April 1, 2025.","Interest at 12% per annum; conversion price at 80% of lowest recent stock sale price.","Lender Excel Family Partners is controlled by CEO Bruce Cassidy (related party).","Potential dilutive impact from conversion at discount to market price."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-047972","json":"https://secwatch.observer/filing/0001493152-24-047972.json","markdown":"https://secwatch.observer/filing/0001493152-24-047972.md","text":"https://secwatch.observer/filing/0001493152-24-047972.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1832161/000149315224047972/0001493152-24-047972-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1832161/000149315224047972/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T15:06:28.603454+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"}