VIP Play, Inc. (VIPZ): debt financing — VIP Play reports $24.5M outstanding under convertible note; additional draws of $1.2M since Feb 2026

VIP Play, Inc.

Outstanding principal on convertible note with Excel Family Partners reached $24.5M as of April 20, 2026, up from $12.1M at inception.
Company borrowed an additional $1,214,313 in seven draws between Feb 20 and Apr 17, 2026.
Note bears 12% fixed interest, payable on demand; Excel can convert debt into shares at 80% of lowest recent price (floor $0.50).
Note is uncommitted; Excel controls all advances; prepayment allowed with notice and accrued interest.

item 2.03 item 9.01

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. incurred convertible notes of $1,214,313 with Excel Family Partners, LLLP at 12.0% maturing upon demand.

Instrument: convertible notes
Principal: $1,214,313
Counterparty: Excel Family Partners, LLLP
Rate: 12.0%
Maturity: upon demand
Event: incurrence

Exact text from the filing

We borrowed an additional aggregate amount of $1,214,313 in seven separate draws under the Note from February 20, 2026 through April 17, 2026.

View on SEC.gov

225 debt financings filed in the last 30 days. Browse all debt financings →

VIP Play, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-018053

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.