---
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"
generated_at: "2026-05-23T23:57:35.550339+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# VIP Play amends convertible credit line to $14M; CEO's entity holds $12.1M outstanding

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-002439
- JSON: https://secwatch.observer/filing/0001641172-25-002439.json
- Plain text: https://secwatch.observer/filing/0001641172-25-002439.txt

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