VIP Play, Inc. Reports New Financial Obligation
Ticker: VIPZ · Form: 8-K · Filed: Oct 21, 2024 · CIK: 1832161
| Field | Detail |
|---|---|
| Company | Vip Play, Inc. (VIPZ) |
| Form Type | 8-K |
| Filed Date | Oct 21, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $5,000,000, $4,410,000, $100,000, $125,000, $6,510,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-issuance, corporate-action
TL;DR
VIP Play just took on a new debt. Keep an eye on their financials.
AI Summary
On October 11, 2024, VIP Play, Inc. reported the creation of a direct financial obligation. The company, formerly known as KeyStar Corp. until November 12, 2020, is incorporated in Nevada and headquartered in Miami, Florida.
Why It Matters
This filing indicates VIP Play, Inc. has entered into a new financial commitment, which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — The creation of a new financial obligation can introduce financial risk if not managed effectively.
Key Players & Entities
- VIP Play, Inc. (company) — Registrant
- KeyStar Corp. (company) — Former company name
- October 11, 2024 (date) — Date of earliest event reported
- November 12, 2020 (date) — Date of name change
- Nevada (jurisdiction) — State of incorporation
- Miami, Florida (location) — Business address
FAQ
What is the nature of the direct financial obligation created by VIP Play, Inc. on October 11, 2024?
The filing states the creation of a direct financial obligation but does not specify the details of this obligation in the provided text.
When did VIP Play, Inc. change its name from KeyStar Corp.?
VIP Play, Inc. changed its name from KeyStar Corp. on November 12, 2020.
In which state is VIP Play, Inc. incorporated?
VIP Play, Inc. is incorporated in Nevada.
What is the principal executive office address for VIP Play, Inc.?
The principal executive offices are located at 1645 Pine Tree Ln, Suite 2, Sarasota, Florida, 34236.
What is the filing date for this Form 8-K?
This Form 8-K was filed as of October 21, 2024, reporting events as of October 11, 2024.
Filing Stats: 1,135 words · 5 min read · ~4 pages · Grade level 11.8 · Accepted 2024-10-21 13:19:50
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. We borrowed an additional $100,000 and
- $100,000 — s $4,410,000. We borrowed an additional $100,000 and $125,000 under the Note on October
- $125,000 — We borrowed an additional $100,000 and $125,000 under the Note on October 11, 2024 and
- $6,510,000 — balance of all loans under the Note is $6,510,000. 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) — 44KB
- 0001493152-24-041734.txt ( ) — 214KB
- keyr-20241011.xsd (EX-101.SCH) — 3KB
- keyr-20241011_lab.xml (EX-101.LAB) — 33KB
- keyr-20241011_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits Exhibit No. Description 10.1 Discretionary Convertible Revolving Line Of Credit Demand Note dated as of August 6, 2024 made by VIP Play, Inc. f/k/a KeyStar Corp. (incorporated by reference to Exhibit 10.2 to VIP Play, Inc. Current Report on Form 8-K filed on August 13, 2024) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3
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: October 21, 2024 VIP PLAY, INC. By: /s/ James Mackey James Mackey, CFO 4