KeyStar Corp. Enters New Financial Obligation
Ticker: VIPZ · Form: 8-K · Filed: Jul 29, 2024 · CIK: 1832161
| Field | Detail |
|---|---|
| Company | Keystar Corp. (VIPZ) |
| Form Type | 8-K |
| Filed Date | Jul 29, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $2,000,000, $1,135,000, $425,000, $8,520,000, $0.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financial-obligation
TL;DR
KeyStar Corp. just took on a new loan. Need to check the terms.
AI Summary
On July 25, 2024, KeyStar Corp. entered into a direct financial obligation. The company is obligated under a loan agreement, the specifics of which are detailed in the filing. This filing is a current report under the Securities Exchange Act of 1934.
Why It Matters
This filing indicates KeyStar Corp. has taken on new debt, which could impact its financial leverage and future operations.
Risk Assessment
Risk Level: medium — Taking on new debt can increase financial risk for a company, depending on the terms and the company's ability to repay.
Key Players & Entities
- KeyStar Corp. (company) — Registrant
- July 25, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- 33130 (zip_code) — Business address zip code
- 866-783-9435 (phone_number) — Business phone number
FAQ
What is the nature of the direct financial obligation KeyStar Corp. entered into?
The filing states that KeyStar Corp. entered into a direct financial obligation, but the specific details of the obligation are not fully elaborated in the provided text, only that it is a 'Creation of a Direct Financial Obligation'.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on July 25, 2024.
In which state is KeyStar Corp. incorporated?
KeyStar Corp. is incorporated in Nevada.
What is KeyStar Corp.'s principal executive office address?
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 as of July 29, 2024.
Filing Stats: 1,025 words · 4 min read · ~3 pages · Grade level 12.3 · Accepted 2024-07-29 15:49:24
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 25, 2024, we borrowed an add
- $425,000 — uly 25, 2024, we borrowed an additional $425,000 under the Note. As of July 29, 2024, th
- $8,520,000 — balance of all loans under the Note is $8,520,000. 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
- 0001493152-24-029412.txt ( ) — 208KB
- keyr-20240725.xsd (EX-101.SCH) — 3KB
- keyr-20240725_lab.xml (EX-101.LAB) — 33KB
- keyr-20240725_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 29, 2024 KEYSTAR CORP. By: /s/ James Mackey James Mackey, CFO 3