VIP Play, Inc. (VIPZ): debt financing — VIP Play borrows additional $1.17M under related-party convertible note; total $25.7M

VIP Play, Inc.

Borrowed $1,170,000 in five draws under convertible note from April 27 to June 17, 2026.
As of June 22, 2026, aggregate outstanding principal is $25,670,626.
Note carries 12% fixed interest; convertible at 80% of the lowest share price in prior 12 months.
Note held by Excel Family Partners, controlled by secretary and sole board member Bruce Cassidy.
Full repayment due on demand; no reborrowing allowed after any repayment.

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 $1,170,000 with Excel Family Partners, LLLP at 12.0% maturing due and payable upon demand.

Instrument: convertible notes
Principal: $1,170,000
Counterparty: Excel Family Partners, LLLP
Rate: 12.0%
Maturity: due and payable upon demand
Event: incurrence

Exact text from the filing

We borrowed an additional aggregate amount of $1,170,000 in five separate draws under the Note from April 27, 2026 through June 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 0001493152-26-029628

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.