{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-022432","form_type":"8-K/A","ticker":"VIPZ","cik":"0001832161","company_name":"VIP Play, Inc.","filed_at":"2026-05-12T15:43:16+00:00","discovered_at":"2026-05-12T15:44:00.379515+00:00","generated_at":"2026-05-12T15:45:06.369128+00:00","sec_items":["5.02","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"VIP Play amends note disclosure; outstanding principal reaches $23.3M as of Feb 2026","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-022432","json":"https://secwatch.observer/filing/0001493152-26-022432.json","markdown":"https://secwatch.observer/filing/0001493152-26-022432.md","text":"https://secwatch.observer/filing/0001493152-26-022432.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1832161/000149315226022432/0001493152-26-022432-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1832161/000149315226022432/form8-ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-12T15:45:06.369128+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}