VIP Play, Inc. Reports Financial Obligation
Ticker: VIPZ · Form: 8-K · Filed: Nov 27, 2024 · CIK: 1832161
| Field | Detail |
|---|---|
| Company | Vip Play, Inc. (VIPZ) |
| Form Type | 8-K |
| Filed Date | Nov 27, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $5,000,000, $4,410,000, $725,000, $7,685,000, $0.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-obligation, corporate-action
TL;DR
VIP Play, Inc. just dropped an 8-K about a new financial obligation. Keep an eye on this.
AI Summary
VIP Play, Inc. (formerly KeyStar Corp.) filed an 8-K on November 27, 2024, reporting on events occurring on November 22, 2024. The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement. The company, incorporated in Nevada, is in the miscellaneous retail sector and is headquartered in Miami, Florida.
Why It Matters
This filing signals a new financial commitment or arrangement for VIP Play, Inc., which could impact its financial health and future operations.
Risk Assessment
Risk Level: medium — The creation of a new financial obligation, without further details on its nature or terms, introduces uncertainty and potential financial risk.
Key Players & Entities
- VIP Play, Inc. (company) — Registrant
- KeyStar Corp. (company) — Former company name
- November 22, 2024 (date) — Earliest event reported
- November 27, 2024 (date) — Filing date
- Nevada (jurisdiction) — State of incorporation
- Miami, Florida (location) — Business address
FAQ
What is the nature of the direct financial obligation or off-balance sheet arrangement?
The filing does not specify the details of the financial obligation or arrangement, only that one has been created.
When did the event triggering this 8-K filing occur?
The earliest event reported occurred on November 22, 2024.
What was VIP Play, Inc.'s former name?
VIP Play, Inc.'s former name was KeyStar Corp.
In which state is VIP Play, Inc. incorporated?
VIP Play, Inc. is incorporated in Nevada.
What is the primary business address for VIP Play, Inc.?
The primary business address is 78 SW 7TH STREET, SUITE 500, MIAMI, FL 33130.
Filing Stats: 1,127 words · 5 min read · ~4 pages · Grade level 11.8 · Accepted 2024-11-27 14:38:02
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 $725,000 und
- $725,000 — s $4,410,000. We borrowed an additional $725,000 under the Note on November 22, 2024. As
- $7,685,000 — balance of all loans under the Note is $7,685,000. 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
- 0001493152-24-047972.txt ( ) — 210KB
- vipz-20241122.xsd (EX-101.SCH) — 3KB
- vipz-20241122_lab.xml (EX-101.LAB) — 33KB
- vipz-20241122_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) 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: November 27, 2024 VIP PLAY, INC. By: /s/ James Mackey James Mackey, CFO 3