---
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"
generated_at: "2026-05-29T15:06:28.603454+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# VIP Play borrows additional $725K under convertible note; total outstanding $7.685M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-047972
- JSON: https://secwatch.observer/filing/0001493152-24-047972.json
- Plain text: https://secwatch.observer/filing/0001493152-24-047972.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.