{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-000206","form_type":"8-K","ticker":"VIPZ","cik":"0001832161","company_name":"VIP Play, Inc.","filed_at":"2025-01-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.156634+00:00","generated_at":"2026-05-28T15:31:57.811436+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"VIP Play borrows additional $480k under convertible note; total $8.67M","bullets":["Borrowed $250k on Dec 27, 2024 and $230k on Jan 2, 2025 under convertible line with Excel Family Partners.","Total principal outstanding as of Jan 3, 2025 is $8.665 million; note matures April 1, 2025.","Note bears 12% fixed interest; convertible at 80% of lowest share price in prior 12 months.","Excel is controlled by CEO Bruce Cassidy, making the transaction a related-party debt."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-000206","json":"https://secwatch.observer/filing/0001493152-25-000206.json","markdown":"https://secwatch.observer/filing/0001493152-25-000206.md","text":"https://secwatch.observer/filing/0001493152-25-000206.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1832161/000149315225000206/0001493152-25-000206-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1832161/000149315225000206/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T15:31:57.811436+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"}