---
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"
generated_at: "2026-05-27T05:44:41.816735+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# VIP Play borrows additional $455K under convertible note with CEO; total outstanding $9.77M

## Summary
- 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

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-004248
- JSON: https://secwatch.observer/filing/0001493152-25-004248.json
- Plain text: https://secwatch.observer/filing/0001493152-25-004248.txt

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