{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-004248","form_type":"8-K","ticker":"VIPZ","cik":"0001832161","company_name":"VIP Play, Inc.","filed_at":"2025-01-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.157274+00:00","generated_at":"2026-05-27T05:44:41.816735+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"VIP Play borrows additional $455K under convertible note with CEO; total outstanding $9.77M","bullets":["Borrowed $150,000 on Jan 21 and $305,000 on Jan 29, 2025 under convertible note with Excel Family Partners (CEO-controlled)","Total outstanding principal as of Jan 30, 2025 is $9.77M, up from $4.41M in Aug 2024","Note matures April 1, 2025; 12% fixed interest; convertible at 80% of lowest recent price (floor $0.50 per share)","Note is a discretionary demand facility; Excel may convert debt into common stock at any time"],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-004248","json":"https://secwatch.observer/filing/0001493152-25-004248.json","markdown":"https://secwatch.observer/filing/0001493152-25-004248.md","text":"https://secwatch.observer/filing/0001493152-25-004248.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1832161/000149315225004248/0001493152-25-004248-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1832161/000149315225004248/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T05:44:41.816735+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"}