secwatch / observer
8-K filed September 12, 2025, 7:59 PM ET ticker VIPZ CIK 0001832161
debt confidence high sentiment neutral materiality 0.60

VIP Play, Inc. (VIPZ): debt financing — VIP Play extends convertible notes maturity to 2026, amends conversion price, obtains $100K new loan

VIP Play, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

VIP Play, Inc. amended convertible notes of $200,000, $500,000, and $150,000, respectively with Rick Hackel, Dennis Colletti, The Access Fund I, LP at twelve percent (12%) per annum maturing August 31, 2026; October 1, 2025; and August 31, 2026, respectively.

Instrument
convertible notes
Principal
$200,000, $500,000, and $150,000, respectively
Counterparty
Rick Hackel, Dennis Colletti, The Access Fund I, LP
Rate
twelve percent (12%) per annum
Maturity
August 31, 2026; October 1, 2025; and August 31, 2026, respectively
Event
amendment
Exact text from the filing
we entered into a Convertible Note Purchase Agreement (the “ Purchase Agreement ”) and a Convertible Promissory Note with Rick Hackel (“ Hackel ”) in the principal amount of $200,000 (the “ Hackel Note ”); and (ii) August 28, 2023, we entered into a Purchase Agreement and a Convertible Promissory Note with Dennis Colletti (“ Colletti ”) in the principal amount
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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

VIP Play, Inc. incurred convertible notes of $100,000 with Rick Hackel maturing August 31, 2026.

Instrument
convertible notes
Principal
$100,000
Counterparty
Rick Hackel
Maturity
August 31, 2026
Event
incurrence
Exact text from the filing
the Second Amendment entered into by Colletti and Access contains a consent to Hackel loaning an additional $100,000 to us, which Hackel did on September 9, 2025. Hackel’s additional $100,000 loan is evidenced by the same Form of Convertible Promissory Note used for the Notes, with a maturity date of August 31, 2026
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VIP Play, Inc. filing history →

Source: SEC EDGAR
accession 0001493152-25-013204
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