VIP Play amends note disclosure; outstanding principal reaches $23.3M as of Feb 2026

VIP Play, Inc.

Aggregate outstanding principal of convertible note with Excel Family Partners is $23,286,313 as of Feb 19, 2026.
Additional draws of $1.5M taken from Jan 9 to Feb 13, 2026 under the Note.
Note carries 12% fixed interest, due on demand, and convertible at 80% of lowest recent price in prior 12 months (floor $0.50).
Board approved options for 3.7M shares (1.5M to VP Dermody) but formal grant not yet executed; disclosure removed.

item 5.02item 2.03item 9.01

Source: SEC EDGAR

accession 0001493152-26-022432

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