KeyStar Corp. Files 8-K on Financial Obligations & Personnel Changes
Ticker: VIPZ · Form: 8-K · Filed: Mar 7, 2024 · CIK: 1832161
| Field | Detail |
|---|---|
| Company | Keystar Corp. (VIPZ) |
| Form Type | 8-K |
| Filed Date | Mar 7, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $2,000,000, $1,135,000, $2,975,000, $1,000,000, $550,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, governance, filing
TL;DR
KeyStar Corp. 8-K: New debt, exec changes, and financial docs filed Jan 4.
AI Summary
KeyStar Corp. filed an 8-K on March 7, 2024, reporting on events from January 4, 2024. The filing covers the creation of direct financial obligations, the departure and election of directors/officers, and compensatory arrangements. It also includes financial statements and exhibits.
Why It Matters
This 8-K filing provides crucial updates on KeyStar Corp.'s financial commitments and changes in its leadership and compensation structure, which can impact investor confidence and future performance.
Risk Assessment
Risk Level: medium — The filing details financial obligations and changes in corporate governance, which can introduce uncertainty and potential risks for investors.
Key Players & Entities
- KeyStar Corp. (company) — Registrant
- January 4, 2024 (date) — Earliest event reported
- March 7, 2024 (date) — Filing date
- Nevada (jurisdiction) — State of incorporation
- Miami, Florida (location) — Principal executive offices
FAQ
What specific financial obligations were created by KeyStar Corp. on January 4, 2024?
The filing indicates the creation of a 'Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement' but does not specify the exact nature or amount of these obligations in the provided text.
Who departed from KeyStar Corp.'s board or officer positions?
The filing mentions 'Departure of Directors or Certain Officers' as an item reported, but the specific names of individuals are not detailed in the provided excerpt.
Were any new directors or officers elected or appointed?
Yes, the filing lists 'Election of Directors; Appointment of Certain Officers' as a reported item, indicating changes in the company's leadership.
What is the fiscal year end for KeyStar Corp.?
KeyStar Corp.'s fiscal year ends on June 30.
What is the business address of KeyStar Corp.?
The principal executive offices of KeyStar Corp. are located at 78 SW 7th Street, Suite 500, Miami, Florida 33130.
Filing Stats: 1,031 words · 4 min read · ~3 pages · Grade level 12.8 · Accepted 2024-03-07 15:12:39
Key Financial Figures
- $2,000,000 — n the principal amount of not more than $2,000,000 (the " Note "). The aggregate outstandi
- $1,135,000 — the Note as of the date of the Note was $1,135,000. Since the date of the Note, we have
- $2,975,000 — rowed an additional aggregate amount of $2,975,000 under the Note on six different occasio
- $1,000,000 — on six different occasions, including: $1,000,000 on January 4, 2024; $550,000 on January
- $550,000 — cluding: $1,000,000 on January 4, 2024; $550,000 on January 10, 2024; $200,000 on Januar
- $200,000 — 4, 2024; $550,000 on January 10, 2024; $200,000 on January 29, 2024; $350,000 on Februa
- $350,000 — 10, 2024; $200,000 on January 29, 2024; $350,000 on February 5, 2024; $450,000 on Februa
- $450,000 — 29, 2024; $350,000 on February 5, 2024; $450,000 on February 23, 2024; and $425,000 on F
- $425,000 — 024; $450,000 on February 23, 2024; and $425,000 on February 27, 2024. As of March 7, 20
- $4,088,800 — balance of all loans under the Note is $4,088,800. The full text of the Note is attache
- $275,000 — tes he will receive an annual salary of $275,000. He is also eligible to participate in
- $12 billion — ding Division at Wells Fargo, with over $12 billion in revenue across multiple businesses i
- $2 — to June 2020. As CFO of Freddie Mac, a $2 trillion asset company providing liquid
Filing Documents
- form8-k.htm (8-K) — 41KB
- 0001493152-24-009198.txt ( ) — 209KB
- keyr-20240104.xsd (EX-101.SCH) — 3KB
- keyr-20240104_lab.xml (EX-101.LAB) — 33KB
- keyr-20240104_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: March 7, 2024 KEYSTAR CORP. By: /s/ James Mackey James Mackey, CFO 3