---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-029628"
form_type: "8-K"
ticker: "VIPZ"
cik: "0001832161"
company_name: "VIP Play, Inc."
filed_at: "2026-06-22T21:19:39+00:00"
generated_at: "2026-06-22T21:20:20.183527+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# VIP Play borrows additional $1.17M under related-party convertible note; total $25.7M

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-029628
- form_type: 8-K
- ticker: VIPZ
- cik: 0001832161
- company_name: VIP Play, Inc.
- filed_at: 2026-06-22T21:19:39+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1832161/000149315226029628/0001493152-26-029628-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1832161/000149315226029628/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-029628
- JSON: https://secwatch.observer/filing/0001493152-26-029628.json
- Plain text: https://secwatch.observer/filing/0001493152-26-029628.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1832161/000149315226029628/0001493152-26-029628-index.htm

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