VIP Play, Inc. Reports New Financial Obligation
Ticker: VIPZ · Form: 8-K · Filed: Dec 23, 2024 · CIK: 1832161
| Field | Detail |
|---|---|
| Company | Vip Play, Inc. (VIPZ) |
| Form Type | 8-K |
| Filed Date | Dec 23, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $5,000,000, $4,410,000, $320,000, $8,185,000, $0.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financial-obligation
TL;DR
VIP Play just took on a new financial obligation. Details TBD.
AI Summary
On December 19, 2024, VIP Play, Inc. reported the creation of a direct financial obligation. The filing does not specify the exact dollar amount or the counterparty involved in this obligation.
Why It Matters
This filing indicates a new debt or financial commitment 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 can introduce financial risk if not managed properly.
Key Players & Entities
- VIP Play, Inc. (company) — Registrant
- December 19, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- 000-56290 (filing_id) — Commission File Number
- 85-0738656 (tax_id) — I.R.S. Employer Identification No.
- 1645 Pine Tree Ln , Suite 2 , Sarasota , Florida 34236 (address) — Address of principal executive offices
- (866) 783-94 (phone_number) — Registrant's telephone number
FAQ
What is the nature of the direct financial obligation created by VIP Play, Inc.?
The filing states that a direct financial obligation has been created, but does not provide specific details regarding its nature or terms.
Who is the counterparty to this new financial obligation?
The filing does not disclose the identity of the party with whom VIP Play, Inc. has entered into this financial obligation.
What is the amount of the financial obligation?
The specific dollar amount of the financial obligation is not detailed in this filing.
When was this financial obligation officially created or entered into?
The earliest event reported related to this obligation is December 19, 2024.
Does this filing relate to any off-balance sheet arrangements?
Yes, the filing explicitly mentions 'an Obligation under an Off-Balance Sheet Arrangement of a Registrant' as an item of information.
Filing Stats: 1,127 words · 5 min read · ~4 pages · Grade level 11.8 · Accepted 2024-12-23 16:44:36
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 $320,000 und
- $320,000 — s $4,410,000. We borrowed an additional $320,000 under the Note on December 19, 2024. As
- $8,185,000 — balance of all loans under the Note is $8,185,000. 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
- 0001493152-24-051843.txt ( ) — 210KB
- vipz-20241219.xsd (EX-101.SCH) — 3KB
- vipz-20241219_lab.xml (EX-101.LAB) — 33KB
- vipz-20241219_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 23, 2024 VIP PLAY, INC. By: /s/ James Mackey James Mackey, CFO 3