{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-007540","form_type":"8-K","ticker":"VIPZ","cik":"0001832161","company_name":"VIP Play, Inc.","filed_at":"2026-02-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.435985+00:00","generated_at":"2026-05-16T01:32:19.087234+00:00","sec_items":["2.03","5.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"VIP Play borrows additional $1.5M under related-party convertible note; total outstanding $23.3M","bullets":["As of Feb 19, 2026, aggregate outstanding principal under convertible note with Excel Family Partners (related party) is $23,286,313.","Note carries 12% fixed interest; convertible at 80% of lowest 12-month share price (floor $0.50).","John Dermody, VP of Operations, awarded options to purchase 1.5M shares (1.08M incentive, 0.42M nonstatutory) under 2023 Plan.","Options vest 1/4 on first anniversary of Feb 13, 2026, then monthly 1/48 for 36 months."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-007540","json":"https://secwatch.observer/filing/0001493152-26-007540.json","markdown":"https://secwatch.observer/filing/0001493152-26-007540.md","text":"https://secwatch.observer/filing/0001493152-26-007540.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1832161/000149315226007540/0001493152-26-007540-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1832161/000149315226007540/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T01:32:19.087234+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":[{"claim_id":"017ac30213426bfdcfae081ef45cd0ba2f3e38c5","claim":"VIP Play, Inc. amended convertible notes of $1,500,000 in six separate draws with Excel Family Partners, LLLP at fixed rate per annum equal to 12.0% maturing due and payable upon demand.","evidence_excerpt":"We borrowed an additional aggregate amount of $1,500,000 in six separate draws under the Note from January 9, 2026 through February 13, 2026.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1832161/000149315226007540/0001493152-26-007540-index.htm","confidence":0.95}],"comparable_filings":[{"accession":"0001213900-26-050957","ticker":"BRLS","company_name":"Borealis Foods Inc.","filed_at":"2026-05-01T23:59:59+00:00","headline":"Borealis Foods enters $17M term loan with Oxus, repays Frontwell; potential equity conversion up to $33.3M","event_type":"debt","sec_items":["1.01","1.02","2.03","3.02","5.02","8.01","9.01"],"materiality_score":0.85,"calibrated_materiality_score":0.85,"match_reasons":["same fact type: debt_financing","same SEC item: 2.03, 5.02, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-050957","json":"https://secwatch.observer/filing/0001213900-26-050957.json","markdown":"https://secwatch.observer/filing/0001213900-26-050957.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1852973/000121390026050957/0001213900-26-050957-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1852973/000121390026050957/ea0288749-8k_borealis.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"We borrowed an additional aggregate amount of $1,500,000 in six separate draws under the Note from January 9, 2026 through February 13, 2026.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1832161/000149315226007540/0001493152-26-007540-index.htm","comparable_excerpt":"SPAC sponsor and a significant shareholder of\nthe Company. Pursuant to the Credit Agreement, Oxus provided\na term loan to the Borrowers in an aggregate principal amount of up to $17.0 million (the “Term Loan”). The obligations under\nthe Credit Agreement are guaranteed by the Company, Borealis IP Inc., and Palmetto Gourmet Foods (Canada) Inc. (collectively, the","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1852973/000121390026050957/0001213900-26-050957-index.htm"}},{"accession":"0001193125-26-252668","ticker":"BTU","company_name":"PEABODY ENERGY CORP","filed_at":"2026-06-02T14:17:48+00:00","headline":"Peabody prices $250M convertible notes due 2031, repurchases $241.2M of 2028 notes","event_type":"debt","sec_items":["1.01","2.03","3.02","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: debt_financing","same SEC item: 2.03, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-252668","json":"https://secwatch.observer/filing/0001193125-26-252668.json","markdown":"https://secwatch.observer/filing/0001193125-26-252668.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1064728/000119312526252668/0001193125-26-252668-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1064728/000119312526252668/d112966d8k.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"We borrowed an additional aggregate amount of $1,500,000 in six separate draws under the Note from January 9, 2026 through February 13, 2026.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1832161/000149315226007540/0001493152-26-007540-index.htm","comparable_excerpt":"additional $25 million in aggregate principal amount of the Notes (together with the “Initial Notes,” the “Notes”), bringing the total aggregate principal amount of the Notes to $250 million. On June 2, 2026, the Company completed the private offering of the Notes. The Notes are senior unsecured obligations of the Company. The net proceeds from this offering were","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1064728/000119312526252668/0001193125-26-252668-index.htm"}},{"accession":"0001882781-26-000041","ticker":"CBLO","company_name":"C2 Blockchain, Inc.","filed_at":"2026-06-02T14:08:44+00:00","headline":"C2 Blockchain raises $130K and up to $1.2M via convertible notes with heavy dilution","event_type":"debt","sec_items":["1.01","2.03","3.02","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: debt_financing","same SEC item: 2.03, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001882781-26-000041","json":"https://secwatch.observer/filing/0001882781-26-000041.json","markdown":"https://secwatch.observer/filing/0001882781-26-000041.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1882781/000188278126000041/0001882781-26-000041-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1882781/000188278126000041/form8k6226o.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"We borrowed an additional aggregate amount of $1,500,000 in six separate draws under the Note from January 9, 2026 through February 13, 2026.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1832161/000149315226007540/0001493152-26-007540-index.htm","comparable_excerpt":"On May 22, 2026, the Company entered into a Securities Purchase Agreement with Auctus Fund, LLC (“Auctus”), pursuant to which the Company issued and sold a Promissory Note in the principal amount of $130,000 (the “Auctus Note”).","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1882781/000188278126000041/0001882781-26-000041-index.htm"}},{"accession":"0001628280-26-039479","ticker":"VVX","company_name":"V2X, Inc.","filed_at":"2026-06-01T20:10:20+00:00","headline":"V2X refinances $868.5M term loans with new tranche maturing 2030; SOFR+2% margin","event_type":"debt","sec_items":["1.01","2.03","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: debt_financing","same SEC item: 2.03, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-039479","json":"https://secwatch.observer/filing/0001628280-26-039479.json","markdown":"https://secwatch.observer/filing/0001628280-26-039479.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1601548/000162828026039479/0001628280-26-039479-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1601548/000162828026039479/vec-20260529.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"We borrowed an additional aggregate amount of $1,500,000 in six separate draws under the Note from January 9, 2026 through February 13, 2026.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1832161/000149315226007540/0001493152-26-007540-index.htm","comparable_excerpt":"The Amendment provides for, among other things, a new tranche of term loans under the Credit Agreement in an aggregate original principal amount of $868,522,978.38 (the “New Term Loans”), which New Term Loans replace or refinance in full all of the existing term loans outstanding under the Credit Agreement (as in effect immediately prior to the Amendment), as further set forth in the Amendment. The New Term Loans mature on December 6, 2030.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1601548/000162828026039479/0001628280-26-039479-index.htm"}},{"accession":"0001805833-26-000030","ticker":"SST","company_name":"System1, Inc.","filed_at":"2026-06-01T13:00:19+00:00","headline":"System1 exchanges $302.6M debt for $150M term loan, $39.3M preferred stock, and cash","event_type":"debt","sec_items":["1.01","2.03","3.02","7.01","9.01"],"materiality_score":0.8,"calibrated_materiality_score":0.8,"match_reasons":["same fact type: debt_financing","same SEC item: 2.03, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001805833-26-000030","json":"https://secwatch.observer/filing/0001805833-26-000030.json","markdown":"https://secwatch.observer/filing/0001805833-26-000030.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1805833/000180583326000030/0001805833-26-000030-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1805833/000180583326000030/sst-20260529.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"We borrowed an additional aggregate amount of $1,500,000 in six separate draws under the Note from January 9, 2026 through February 13, 2026.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1832161/000149315226007540/0001493152-26-007540-index.htm","comparable_excerpt":"specified in the Exchange Agreement on the terms and subject to the conditions set forth therein. The consideration under the Exchange Agreement consists of (i) a new $150.0 million term loan facility held by the Participating Lenders (the “Priority Term Loans”), (ii) the issuance of 39,250 shares of Series A Cumulative Convertible Preferred Stock (the","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1805833/000180583326000030/0001805833-26-000030-index.htm"}},{"accession":"0002077096-26-000190","ticker":"CNMD","company_name":"CONMED Corp","filed_at":"2026-06-01T12:31:19+00:00","headline":"CONMED secures $450M incremental term loan facility to repurchase convertible notes due 2026","event_type":"debt","sec_items":["1.01","2.03","9.01"],"materiality_score":0.7,"calibrated_materiality_score":0.7,"match_reasons":["same fact type: debt_financing","same SEC item: 2.03, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0002077096-26-000190","json":"https://secwatch.observer/filing/0002077096-26-000190.json","markdown":"https://secwatch.observer/filing/0002077096-26-000190.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/816956/000207709626000190/0002077096-26-000190-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/816956/000207709626000190/ea0292464-8k_conmed.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"We borrowed an additional aggregate amount of $1,500,000 in six separate draws under the Note from January 9, 2026 through February 13, 2026.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1832161/000149315226007540/0001493152-26-007540-index.htm","comparable_excerpt":"CONMED entered into the First Amendment to, among other things, obtain commitments for incremental senior secured delayed draw term “a” loans available in U.S. dollars to CONMED in an aggregate principal amount equal to $450 million (the “ Term A-2 Loan Facility ”), which is available to be borrowed in a single drawing on or prior to June 14, 2026.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/816956/000207709626000190/0002077096-26-000190-index.htm"}},{"accession":"0001628280-26-039275","ticker":"UP","company_name":"Wheels Up Experience Inc.","filed_at":"2026-06-01T10:56:21+00:00","headline":"Wheels Up closes $100M unsecured term loan with 12% PIK interest; matures 2029","event_type":"debt","sec_items":["1.01","2.03","9.01"],"materiality_score":0.7,"calibrated_materiality_score":0.7,"match_reasons":["same fact type: debt_financing","same SEC item: 2.03, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-039275","json":"https://secwatch.observer/filing/0001628280-26-039275.json","markdown":"https://secwatch.observer/filing/0001628280-26-039275.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1819516/000162828026039275/0001628280-26-039275-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1819516/000162828026039275/up-20260529.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"We borrowed an additional aggregate amount of $1,500,000 in six separate draws under the Note from January 9, 2026 through February 13, 2026.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1832161/000149315226007540/0001493152-26-007540-index.htm","comparable_excerpt":"On the Closing Date, the Company entered into Amendment No. 4 to Credit Agreement (\"Amendment No. 4\"), by and among the Company, as borrower, the Guarantors, each of the Lead Lenders, and the Agent, pursuant to which, among other things, certain conforming amendments were made to (a) permit the incurrence of the 2026 Term Loan and reflect its terms, and (b) further reflect the Series B Revolving Equipment Notes Facility (as defined in the Company's Current Report on Form 8-K filed with the SEC on May 26, 2026 ) that closed on May 21, 2026 as senior secured indebtedness and constitute EETC Obligations (as defined in the 2023 Credit Agreement).","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1819516/000162828026039275/0001628280-26-039275-index.htm"}},{"accession":"0001193125-26-248512","ticker":"NAVI","company_name":"NAVIENT CORP","filed_at":"2026-05-29T20:42:28+00:00","headline":"Navient closes $500M offering of 9.375% Senior Notes due 2031","event_type":"debt","sec_items":["1.01","2.03","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: debt_financing","same SEC item: 2.03, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-248512","json":"https://secwatch.observer/filing/0001193125-26-248512.json","markdown":"https://secwatch.observer/filing/0001193125-26-248512.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1593538/000119312526248512/0001193125-26-248512-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1593538/000119312526248512/d156580d8k.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"We borrowed an additional aggregate amount of $1,500,000 in six separate draws under the Note from January 9, 2026 through February 13, 2026.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1832161/000149315226007540/0001493152-26-007540-index.htm","comparable_excerpt":"completed a public offering of $500,000,000 aggregate principal amount of its 9.375% Senior Notes due 2031","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1593538/000119312526248512/0001193125-26-248512-index.htm"}}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}