KeyStar Corp. Reports Direct Financial Obligation
Ticker: VIPZ · Form: 8-K · Filed: Jun 20, 2024 · CIK: 1832161
| Field | Detail |
|---|---|
| Company | Keystar Corp. (VIPZ) |
| Form Type | 8-K |
| Filed Date | Jun 20, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $2,000,000, $1,135,000, $425,000, $7,245,000, $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 June 12, 2024, KeyStar Corp. entered into a direct financial obligation. The filing does not disclose the specific terms, amount, or counterparty of this obligation, only that it is a direct financial obligation under Section 13 or 15(d) of the Securities Exchange Act of 1934.
Why It Matters
This filing indicates KeyStar Corp. has taken on a new financial commitment, which could impact its financial health and future operations.
Risk Assessment
Risk Level: medium — The nature and size of the financial obligation are not disclosed, creating uncertainty about the company's financial risk.
Key Players & Entities
- KeyStar Corp. (company) — Registrant
- June 12, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- 000-56290 (filing_id) — Commission 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 direct financial obligation?
The filing does not specify the nature of the direct financial obligation.
What is the amount of the direct financial obligation?
The filing does not disclose the dollar amount of the direct financial obligation.
Who is the counterparty to this financial obligation?
The filing does not name the other party involved in the financial obligation.
When was the direct financial obligation entered into?
The earliest event reported date is June 12, 2024, indicating the obligation was entered into on or before this date.
What is the purpose of this 8-K filing?
This 8-K filing is to report the creation of a direct financial obligation by the registrant.
Filing Stats: 1,026 words · 4 min read · ~3 pages · Grade level 12.2 · Accepted 2024-06-20 14:35:37
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 June 12, 2024, we borrowed an add
- $425,000 — une 12, 2024, we borrowed an additional $425,000 under the Note. As of June 20, 2024, th
- $7,245,000 — balance of all loans under the Note is $7,245,000. 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) — 39KB
- 0001493152-24-024473.txt ( ) — 206KB
- keyr-20240612.xsd (EX-101.SCH) — 3KB
- keyr-20240612_lab.xml (EX-101.LAB) — 33KB
- keyr-20240612_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: June 20, 2024 KEYSTAR CORP. By: /s/ James Mackey James Mackey, CFO 4