KeyStar Corp. Reports Financial Obligation in 8-K
Ticker: VIPZ · Form: 8-K · Filed: Mar 18, 2024 · CIK: 1832161
| Field | Detail |
|---|---|
| Company | Keystar Corp. (VIPZ) |
| Form Type | 8-K |
| Filed Date | Mar 18, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $2,000,000, $1,135,000, $350,000, $4,460,000, $0.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-obligation, 8-k
TL;DR
KeyStar Corp. filed an 8-K on 3/12 for a new financial obligation. Keep an eye on their financials.
AI Summary
KeyStar Corp. filed an 8-K on March 18, 2024, reporting a direct financial obligation or an obligation under an off-balance sheet arrangement as of March 12, 2024. The filing includes financial statements and exhibits. KeyStar Corp. is incorporated in Nevada and headquartered in Miami, Florida.
Why It Matters
This filing indicates a new financial commitment or obligation for KeyStar Corp., which could impact its financial health and future operations.
Risk Assessment
Risk Level: medium — The filing of an 8-K related to financial obligations suggests potential new debt or commitments that could introduce financial risk.
Key Players & Entities
- KeyStar Corp. (company) — Registrant
- March 12, 2024 (date) — Date of earliest event reported
- March 18, 2024 (date) — Date of report
- Nevada (jurisdiction) — State of incorporation
- Miami, Florida (location) — Principal executive offices
FAQ
What specific financial obligation is KeyStar Corp. reporting?
The filing states 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement' but does not detail the specific nature or amount of the obligation in the provided text.
When did the event triggering this 8-K filing occur?
The earliest event reported occurred on March 12, 2024.
What is the primary business of KeyStar Corp.?
KeyStar Corp. is classified under RETAIL-MISCELLANEOUS RETAIL [5900].
Where is KeyStar Corp. headquartered?
KeyStar Corp.'s principal executive offices are located at 78 SW 7th Street, Suite 500, Miami, Florida 33130.
What is the SEC file number for KeyStar Corp.?
The SEC file number for KeyStar Corp. is 000-56290.
Filing Stats: 1,026 words · 4 min read · ~3 pages · Grade level 12.2 · Accepted 2024-03-18 10:23:46
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. On March 12, 2024, we borrowed an ad
- $350,000 — rch 12, 2024, we borrowed an additional $350,000 under the Note. As of March 18, 2024, t
- $4,460,000 — balance of all loans under the Note is $4,460,000. All loans made under the Note accrue
- $0.50 — period, the Lowest Recent Price will be $0.50 per Share. In case of a stock split,
Filing Documents
- form8-k.htm (8-K) — 41KB
- 0001493152-24-010228.txt ( ) — 208KB
- keyr-20240312.xsd (EX-101.SCH) — 3KB
- keyr-20240312_lab.xml (EX-101.LAB) — 33KB
- keyr-20240312_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits Exhibit No. Description 10.1 Fifth Amended and Restated Discretionary Non-Revolving Line Of Credit Demand Note dated December 29, 2023 made by KeyStar Corp. (incorporated by reference to Exhibit 10.1 to KeyStar Corp's. Current Report on Form 8-K filed on January 4, 2024) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3
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 18, 2024 KEYSTAR CORP. By: /s/ James Mackey James Mackey, CFO 4