VIP Play, Inc. Reports Direct Financial Obligation
Ticker: VIPZ · Form: 8-K · Filed: Dec 13, 2024 · CIK: 1832161
| Field | Detail |
|---|---|
| Company | Vip Play, Inc. (VIPZ) |
| Form Type | 8-K |
| Filed Date | Dec 13, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $5,000,000, $4,410,000, $180,000, $7,865,000, $0.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-obligation, financial-reporting
TL;DR
VIP Play (VIP) took on a new debt obligation on Dec 10.
AI Summary
On December 10, 2024, VIP Play, Inc. entered into a direct financial obligation. The company, formerly known as KeyStar Corp., is incorporated in Nevada and headquartered in Miami, Florida. This filing is a current report under Section 13 or 15(d) of the Securities Exchange Act of 1934.
Why It Matters
This filing indicates a new financial commitment for VIP Play, Inc., which could impact its financial health and future operations.
Risk Assessment
Risk Level: medium — Entering into new financial obligations can introduce financial risk, especially if the terms are unfavorable or the company's ability to repay is uncertain.
Key Players & Entities
- VIP Play, Inc. (company) — Registrant
- KeyStar Corp. (company) — Former company name
- December 10, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- Miami, Florida (location) — Address of principal executive offices
- 866-783-94 (phone_number) — Registrant's telephone number
FAQ
What type of direct financial obligation did VIP Play, Inc. enter into?
The filing states that VIP Play, Inc. entered into a direct financial obligation, but the specific details of this obligation are not provided in the excerpt.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on December 10, 2024.
What is VIP Play, Inc.'s state of incorporation?
VIP Play, Inc. is incorporated in Nevada.
What was VIP Play, Inc.'s former company name?
VIP Play, Inc.'s former company name was KeyStar Corp.
Where are VIP Play, Inc.'s principal executive offices located?
VIP Play, Inc.'s principal executive offices are located at 1645 Pine Tree Ln, Suite 2, Sarasota, Florida, 34236.
Filing Stats: 1,128 words · 5 min read · ~4 pages · Grade level 11.8 · Accepted 2024-12-12 21:50:34
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 $180,000 und
- $180,000 — s $4,410,000. We borrowed an additional $180,000 under the Note on December 10, 2024. As
- $7,865,000 — balance of all loans under the Note is $7,865,000. 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) — 42KB
- 0001493152-24-049862.txt ( ) — 212KB
- vipz-20241210.xsd (EX-101.SCH) — 3KB
- vipz-20241210_lab.xml (EX-101.LAB) — 33KB
- vipz-20241210_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: December 13, 2024 VIP PLAY, INC. By: /s/ James Mackey James Mackey, CFO 4