KeyStar Corp. Reports New Financial Obligation
Ticker: VIPZ · Form: 8-K · Filed: Apr 15, 2024 · CIK: 1832161
| Field | Detail |
|---|---|
| Company | Keystar Corp. (VIPZ) |
| Form Type | 8-K |
| Filed Date | Apr 15, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $2,000,000, $1,135,000, $400,000, $5,210,000, $0.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financial-obligation
TL;DR
KeyStar Corp. just took on a new debt. Details TBD.
AI Summary
On April 10, 2024, KeyStar Corp. reported the creation of a direct financial obligation. The filing does not specify the exact nature or amount of this obligation, but it is a material event requiring disclosure under SEC regulations.
Why It Matters
The creation of a new financial obligation can impact a company's debt levels and financial flexibility, potentially affecting its creditworthiness and future borrowing capacity.
Risk Assessment
Risk Level: medium — The creation of a new financial obligation introduces potential leverage and repayment risks for the company.
Key Players & Entities
- KeyStar Corp. (company) — Registrant
- April 10, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- Miami, Florida (location) — Principal executive offices
FAQ
What is the specific nature of the direct financial obligation created by KeyStar Corp. on April 10, 2024?
The filing states the creation of a direct financial obligation but does not provide specific details regarding its nature or terms.
What is the amount of the financial obligation reported by KeyStar Corp.?
The filing does not disclose the specific dollar amount of the financial obligation.
Does this financial obligation involve an off-balance sheet arrangement?
The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but does not specify which it is.
When was the earliest event reported that led to this financial obligation?
The earliest event reported related to this obligation occurred on April 10, 2024.
What is KeyStar Corp.'s state of incorporation?
KeyStar Corp. is incorporated in Nevada.
Filing Stats: 1,024 words · 4 min read · ~3 pages · Grade level 12.3 · Accepted 2024-04-15 16:28:35
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 April 10, 2024, we borrowed an ad
- $400,000 — ril 10, 2024, we borrowed an additional $400,000 under the Note. As of April 15, 2024, t
- $5,210,000 — balance of all loans under the Note is $5,210,000. 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
- 0001493152-24-014623.txt ( ) — 208KB
- keyr-20240410.xsd (EX-101.SCH) — 3KB
- keyr-20240410_lab.xml (EX-101.LAB) — 33KB
- keyr-20240410_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: April 15, 2024 KEYSTAR CORP. By: /s/ James Mackey James Mackey, CFO 3