---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-019239"
form_type: "8-K"
ticker: "VIPZ"
cik: "0001832161"
company_name: "VIP Play, Inc."
filed_at: "2025-10-24T23:59:59+00:00"
generated_at: "2026-05-17T02:21:46.339066+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# VIP Play borrows additional $810K under convertible note with related party; total $19.7M

## Summary
- Borrowed $810,378 in three draws from Oct 10-24, 2025 under existing convertible note with Excel Family Partners.
- Aggregate outstanding principal as of Oct 24, 2025 is $19,657,043.
- Note bears 12% fixed annual interest, due on demand, and convertible at 80% of lowest prior 12-month share price (floor $0.50).
- Excel is controlled by Bruce Cassidy, the company's Secretary and sole board member (related-party transaction).

## SEC filing metadata
- accession: 0001493152-25-019239
- form_type: 8-K
- ticker: VIPZ
- cik: 0001832161
- company_name: VIP Play, Inc.
- filed_at: 2025-10-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1832161/000149315225019239/0001493152-25-019239-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1832161/000149315225019239/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-019239
- JSON: https://secwatch.observer/filing/0001493152-25-019239.json
- Plain text: https://secwatch.observer/filing/0001493152-25-019239.txt

## Key facts
- Debt Financings
  VIP Play, Inc. incurred convertible notes of $810,378 in three separate draws with Excel Family Partners, LLLP at 12.0% maturing upon demand.
  - Instrument: convertible notes
  - Principal: $810,378 in three separate draws
  - Counterparty: Excel Family Partners, LLLP
  - Rate: 12.0%
  - Maturity: upon demand
  - Event: incurrence
  source text: We borrowed an additional aggregate amount of $810,378 in three separate draws under the Note from October 10, 2025 through October 24, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1832161/000149315225019239/0001493152-25-019239-index.htm

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