VIP Play, Inc. Reports Financial Obligation
Ticker: VIPZ · Form: 8-K · Filed: Jan 30, 2025 · CIK: 1832161
| Field | Detail |
|---|---|
| Company | Vip Play, Inc. (VIPZ) |
| Form Type | 8-K |
| Filed Date | Jan 30, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $5,000,000, $4,410,000, $150,000, $305,000, $9,770,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-obligation, 8-k
TL;DR
VIP Play, Inc. just filed an 8-K about a new financial obligation.
AI Summary
On January 21, 2025, VIP Play, Inc. reported a direct financial obligation under an off-balance sheet arrangement. The company, formerly known as KeyStar Corp. and incorporated in Nevada, is based in Miami, Florida.
Why It Matters
This filing indicates a new financial commitment or obligation for VIP Play, Inc., which could impact its financial health and future operations.
Risk Assessment
Risk Level: medium — The filing indicates a direct financial obligation, which could introduce financial risk if not managed properly.
Key Players & Entities
- VIP Play, Inc. (company) — Registrant
- KeyStar Corp. (company) — Former company name
- January 21, 2025 (date) — Date of earliest event reported
- 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 it exists.
When did the event triggering this 8-K filing occur?
The earliest event reported occurred on January 21, 2025.
What was VIP Play, Inc. previously known as?
VIP Play, Inc. was formerly known as KeyStar Corp.
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.
Filing Stats: 1,135 words · 5 min read · ~4 pages · Grade level 11.8 · Accepted 2025-01-30 15:05:07
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 $150,000 and
- $150,000 — s $4,410,000. We borrowed an additional $150,000 and $305,000 under the Note on January
- $305,000 — We borrowed an additional $150,000 and $305,000 under the Note on January 21, 2025 and
- $9,770,000 — balance of all loans under the Note is $9,770,000. 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
- 0001493152-25-004248.txt ( ) — 212KB
- vipz-20250121.xsd (EX-101.SCH) — 3KB
- vipz-20250121_lab.xml (EX-101.LAB) — 33KB
- vipz-20250121_pre.xml (EX-101.PRE) — 22KB
- 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: January 30, 2025 VIP PLAY, INC. By: /s/ James Mackey James Mackey, CFO 4