KeyStar Corp. Reports Financial Obligation
Ticker: VIPZ · Form: 8-K · Filed: Jul 1, 2024 · CIK: 1832161
| Field | Detail |
|---|---|
| Company | Keystar Corp. (VIPZ) |
| Form Type | 8-K |
| Filed Date | Jul 1, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $2,000,000, $1,135,000, $425,000, $7,670,000, $0.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financial-obligation, filing
TL;DR
KeyStar Corp. just took on a new financial obligation. Watch their balance sheet.
AI Summary
KeyStar Corp. filed an 8-K on July 1, 2024, reporting a direct financial obligation or an obligation under an off-balance sheet arrangement as of June 26, 2024. The filing details financial statements and exhibits related to this obligation. The company is incorporated in Nevada and its principal executive offices are located in Sarasota, Florida.
Why It Matters
This filing indicates KeyStar Corp. has entered into a new financial commitment, which could impact its financial health and future operations.
Risk Assessment
Risk Level: medium — The nature of the financial obligation is not detailed, making it difficult to assess the immediate risk without further information.
Key Numbers
- 000-56290 — Commission File Number (Identifier for KeyStar Corp.'s SEC filings)
- 85-0738656 — I.R.S. Employer Identification No. (Tax identification for KeyStar Corp.)
Key Players & Entities
- KeyStar Corp. (company) — Registrant
- Nevada (jurisdiction) — State of incorporation
- Sarasota, Florida (location) — Address of principal executive offices
- June 26, 2024 (date) — Date of earliest event reported
- July 1, 2024 (date) — Filing date
FAQ
What is the specific nature of the direct financial obligation or off-balance sheet arrangement?
The filing does not specify the details of the financial obligation, only that it is a direct financial obligation or an obligation under an off-balance sheet arrangement.
When did this financial obligation become effective?
The earliest event reported related to this obligation was on June 26, 2024.
What are the key financial statements and exhibits being filed with this 8-K?
The filing indicates that financial statements and exhibits are being filed, but their specific content is not detailed in the provided text.
What is KeyStar Corp.'s primary business activity?
KeyStar Corp. is classified under RETAIL-MISCELLANEOUS RETAIL [5900].
Where is KeyStar Corp. headquartered?
KeyStar Corp.'s principal executive offices are located at 1645 Pine Tree Ln, Suite 2, Sarasota, Florida 34236.
Filing Stats: 1,025 words · 4 min read · ~3 pages · Grade level 12.3 · Accepted 2024-07-01 13:34:39
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. On June 26, 2024, we borrowed an add
- $425,000 — une 26, 2024, we borrowed an additional $425,000 under the Note. As of July 1, 2024, the
- $7,670,000 — balance of all loans under the Note is $7,670,000. 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) — 42KB
- 0001493152-24-025744.txt ( ) — 210KB
- keyr-20240626.xsd (EX-101.SCH) — 3KB
- keyr-20240626_lab.xml (EX-101.LAB) — 33KB
- keyr-20240626_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
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) 2
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: July 1, 2024 KEYSTAR CORP. By: /s/ James Mackey James Mackey, CFO 3