---
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"
generated_at: "2026-05-12T15:45:06.369128+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-022432
- JSON: https://secwatch.observer/filing/0001493152-26-022432.json
- Plain text: https://secwatch.observer/filing/0001493152-26-022432.txt

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