KeyStar Corp. Reports New Financial Obligation
Ticker: VIPZ · Form: 8-K · Filed: Jul 12, 2024 · CIK: 1832161
| Field | Detail |
|---|---|
| Company | Keystar Corp. (VIPZ) |
| Form Type | 8-K |
| Filed Date | Jul 12, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $2,000,000, $1,135,000, $425,000, $8,095,000, $0.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financial-obligation
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 12, 2024, reporting the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement as of July 10, 2024. The filing details financial statements and exhibits related to this event. KeyStar Corp. 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 balance sheet and future financial flexibility.
Risk Assessment
Risk Level: medium — The creation of a new financial obligation, especially without immediate details on its nature or terms, introduces potential financial risk for the company.
Key Players & Entities
- KeyStar Corp. (company) — Registrant
- July 10, 2024 (date) — Date of earliest event reported
- July 12, 2024 (date) — Filing date
- Nevada (jurisdiction) — State of incorporation
- Sarasota, Florida (location) — Principal executive offices
- 866-783-9435 (phone_number) — Registrant's telephone number
FAQ
What is the nature of the direct financial obligation or off-balance sheet arrangement?
The filing does not specify the exact nature or terms of the financial obligation, only that it was created as of July 10, 2024.
When was this new financial obligation created?
The earliest event reported, which includes the creation of the financial obligation, occurred on July 10, 2024.
What is KeyStar Corp.'s state of incorporation?
KeyStar Corp. is incorporated in Nevada.
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.
What is the filing date of this 8-K report?
This 8-K report was filed on July 12, 2024.
Filing Stats: 1,025 words · 4 min read · ~3 pages · Grade level 12.3 · Accepted 2024-07-12 14:33:34
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 July 10, 2024, we borrowed an add
- $425,000 — uly 10, 2024, we borrowed an additional $425,000 under the Note. As of July 12, 2024, th
- $8,095,000 — balance of all loans under the Note is $8,095,000. 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) — 38KB
- 0001493152-24-027069.txt ( ) — 205KB
- keyr-20240710.xsd (EX-101.SCH) — 3KB
- keyr-20240710_lab.xml (EX-101.LAB) — 33KB
- keyr-20240710_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: July 12, 2024 KEYSTAR CORP. By: /s/ James Mackey James Mackey, CFO 3