{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-051843","form_type":"8-K","ticker":"VIPZ","cik":"0001832161","company_name":"VIP Play, Inc.","filed_at":"2024-12-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.911884+00:00","generated_at":"2026-05-28T23:47:01.702010+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"VIP Play borrows additional $320K under convertible note from CEO's entity; total $8.185M","bullets":["Borrowed $320,000 on Dec 19, 2024 from Excel Family Partners (controlled by CEO Bruce Cassidy) under existing discretionary convertible note.","Total outstanding principal on the note is $8,185,000 as of Dec 23, 2024; interest at 12% fixed per annum.","Note matures April 1, 2025; convertible at 80% of the lowest recent share price in prior 12 months (floor $0.50).","Repayment is on demand by lender; company may prepay with accrued interest only."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-051843","json":"https://secwatch.observer/filing/0001493152-24-051843.json","markdown":"https://secwatch.observer/filing/0001493152-24-051843.md","text":"https://secwatch.observer/filing/0001493152-24-051843.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1832161/000149315224051843/0001493152-24-051843-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1832161/000149315224051843/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T23:47:01.702010+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"}