debt
confidence high
sentiment neutral
materiality 0.60
VIP Play extends convertible notes maturity to 2026, amends conversion price, obtains $100K new loan
VIP Play, Inc.
- Hackel and Access notes maturity extended to Aug 31, 2026; Colletti note to Oct 1, 2025.
- Conversion price becomes lower of $0.60 or 80% of lowest share price in prior 12 months.
- Rick Hackel loans additional $100K to VIP Play, evidenced by convertible note maturing Aug 31, 2026.
- Total outstanding principal across three original notes: $850K ($200K Hackel, $500K Colletti, $150K Access).
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