KeyStar Corp. Reports New Financial Obligation
Ticker: VIPZ · Form: 8-K · Filed: Aug 30, 2024 · CIK: 1832161
| Field | Detail |
|---|---|
| Company | Keystar Corp. (VIPZ) |
| Form Type | 8-K |
| Filed Date | Aug 30, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $5,000,000, $4,410,000, $475,000, $5,285,000, $0.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-obligation, 8-k
TL;DR
KeyStar Corp. just took on a new financial obligation. Watch their balance sheet.
AI Summary
KeyStar Corp. filed an 8-K on August 30, 2024, reporting the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement as of August 28, 2024. The filing also includes financial statements and exhibits.
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 can introduce financial risk if not managed effectively.
Key Players & Entities
- KeyStar Corp. (company) — Registrant
- August 28, 2024 (date) — Date of earliest event reported
- August 30, 2024 (date) — Filing date
- Nevada (jurisdiction) — State of incorporation
- 866-783-9435 (phone_number) — Registrant's telephone number
FAQ
What type of financial obligation did KeyStar Corp. enter into?
The filing states the creation of a 'Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement' but does not specify the exact nature of the obligation in the provided text.
When did this financial obligation become effective?
The obligation was effective as of August 28, 2024.
What is the principal executive office address for KeyStar Corp.?
The principal executive offices are located at 1645 Pine Tree Ln, Suite 2, Sarasota, Florida 34236.
What is KeyStar Corp.'s state of incorporation?
KeyStar Corp. is incorporated in Nevada.
What is the filing date of this 8-K report?
This 8-K report was filed on August 30, 2024.
Filing Stats: 1,110 words · 4 min read · ~4 pages · Grade level 12 · Accepted 2024-08-30 15:11:33
Key Financial Figures
- $5,000,000 — n the principal amount of not more than $5,000,000 (the " Note "). Excel is controlled by
- $4,410,000 — f the date we entered into the Note was $4,410,000. On August 28, 2024, we borrowed an add
- $475,000 — ust 28, 2024, we borrowed an additional $475,000 under the Note. As of August 30, 2024,
- $5,285,000 — balance of all loans under the Note is $5,285,000. 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) — 40KB
- 0001493152-24-034544.txt ( ) — 210KB
- keyr-20240828.xsd (EX-101.SCH) — 3KB
- keyr-20240828_lab.xml (EX-101.LAB) — 33KB
- keyr-20240828_pre.xml (EX-101.PRE) — 24KB
- 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: August 30, 2024 KEYSTAR CORP. By: /s/ James Mackey James Mackey, CFO 4