KeyStar Corp. Enters Material Definitive Agreement
Ticker: VIPZ · Form: 8-K · Filed: May 28, 2024 · CIK: 1832161
| Field | Detail |
|---|---|
| Company | Keystar Corp. (VIPZ) |
| Form Type | 8-K |
| Filed Date | May 28, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $6,500,000, $600,000, $15,000, $2,000,000, $1,135,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
KeyStar Corp. just signed a big deal, creating a new financial obligation. Watch this space.
AI Summary
KeyStar Corp. announced on May 21, 2024, that it entered into a material definitive agreement. This agreement creates a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing also includes financial statements and exhibits related to this event.
Why It Matters
This filing indicates a significant new financial commitment or obligation for KeyStar Corp., which could impact its financial health and future operations.
Risk Assessment
Risk Level: medium — The creation of a new material definitive agreement and associated financial obligations introduces potential risks related to the terms and execution of the agreement.
Key Players & Entities
- KeyStar Corp. (company) — Registrant
- May 21, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- 000-56290 (commission_file_number) — SEC File Number
- 85-0738656 (tax_id) — I.R.S. Employer Identification No.
- 1645 Pine Tree Ln , Suite 2 Sarasota , Florida 34236 (address) — Address of principal executive offices
- (866) 783-9435 (phone_number) — Registrant's telephone number
FAQ
What is the nature of the material definitive agreement entered into by KeyStar Corp.?
The filing states that KeyStar Corp. entered into a material definitive agreement on May 21, 2024, which creates a direct financial obligation or an obligation under an off-balance sheet arrangement. Specific details of the agreement are not provided in this summary.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on May 21, 2024.
What is KeyStar Corp.'s state of incorporation?
KeyStar Corp. is incorporated in Nevada.
What is the SEC file number for KeyStar Corp.?
The SEC file number for KeyStar Corp. is 000-56290.
Where are KeyStar Corp.'s principal executive offices located?
KeyStar Corp.'s principal executive offices are located at 1645 Pine Tree Ln, Suite 2, Sarasota, Florida 34236.
Filing Stats: 1,743 words · 7 min read · ~6 pages · Grade level 12.7 · Accepted 2024-05-28 17:18:58
Key Financial Figures
- $6,500,000 — d of recission damages in the amount of $6,500,000, plus three times that amount as treble
- $600,000 — orts for an aggregate purchase price of $600,000 (the " Purchase Price "). The Purchase
- $15,000 — tions, except that , we will pay Thomas $15,000 for each application or approval that h
- $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 May 21, 2024, we borrowed an addi
- $325,000 — May 21, 2024, we borrowed an additional $325,000 under the Note. As of May 28, 2024, the
- $6,335,000 — balance of all loans under the Note is $6,335,000. 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) — 49KB
- ex10-1.htm (EX-10.1) — 78KB
- 0001493152-24-021643.txt ( ) — 311KB
- keyr-20240521.xsd (EX-101.SCH) — 3KB
- keyr-20240521_lab.xml (EX-101.LAB) — 33KB
- keyr-20240521_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: May 28, 2024 KEYSTAR CORP. By: /s/ James Mackey James Mackey, CFO 5