{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-002439","form_type":"8-K","ticker":"VIPZ","cik":"0001832161","company_name":"VIP Play, Inc.","filed_at":"2025-04-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.015994+00:00","generated_at":"2026-05-23T23:57:35.550339+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"VIP Play amends convertible credit line to $14M; CEO's entity holds $12.1M outstanding","bullets":["Amends prior $5M note from August 2024; new principal limit $14M with Excel Family Partners, controlled by CEO Bruce Cassidy.","Outstanding balance $12,097,000 as of April 2, 2025; includes $414,000 drawn in late March.","Interest at 12% fixed; unpaid March 2025 interest deferred; principal and accrued interest due on demand.","Lender may convert debt into common stock at 80% of lowest share price in prior 12 months, floor $0.50.","No committed line; advances at lender's sole discretion; prepayment allowed with notice and accrued interest."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-002439","json":"https://secwatch.observer/filing/0001641172-25-002439.json","markdown":"https://secwatch.observer/filing/0001641172-25-002439.md","text":"https://secwatch.observer/filing/0001641172-25-002439.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1832161/000164117225002439/0001641172-25-002439-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1832161/000164117225002439/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T23:57:35.550339+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"}