VIP Play, Inc. Reports New Financial Obligation
Ticker: VIPZ · Form: 8-K · Filed: Aug 27, 2025 · CIK: 1832161
| Field | Detail |
|---|---|
| Company | Vip Play, Inc. (VIPZ) |
| Form Type | 8-K |
| Filed Date | Aug 27, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $14,000,000, $12,097,000, $824,665, $17,290,665, $0.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-obligation, off-balance-sheet
TL;DR
VIP Play Inc. just took on a new financial obligation. Keep an eye on their balance sheet.
AI Summary
On August 20, 2025, VIP Play, Inc. reported the creation of a direct financial obligation. The filing details an obligation under an off-balance sheet arrangement, with the report filed on August 27, 2025. The company, formerly known as KeyStar Corp., is incorporated in Nevada and operates in the miscellaneous retail sector.
Why It Matters
This filing indicates 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 direct financial obligation or an off-balance sheet arrangement can introduce financial risk if not managed properly.
Key Players & Entities
- VIP Play, Inc. (company) — Registrant
- KeyStar Corp. (company) — Former company name
- August 20, 2025 (date) — Earliest event reported
- August 27, 2025 (date) — Filing date
- Nevada (jurisdiction) — State of incorporation
FAQ
What is the nature of the direct financial obligation or off-balance sheet arrangement?
The filing states the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but does not provide specific details on the nature of this obligation.
What is the amount of the financial obligation?
The filing does not specify a dollar amount for the financial obligation.
When was the obligation created?
The earliest event reported in the filing is August 20, 2025, which is the date of the creation of the obligation.
What is VIP Play, Inc.'s former company name?
VIP Play, Inc.'s former company name was KeyStar Corp.
What is the company's principal executive office address?
The company's principal executive offices are located at 8400 W. Sunset Rd., Suite 300, Las Vegas, Nevada 89113.
Filing Stats: 1,076 words · 4 min read · ~4 pages · Grade level 11.6 · Accepted 2025-08-26 21:59:15
Key Financial Figures
- $14,000,000 — n the principal amount of not more than $14,000,000 (the " Note "). Excel is controlled by
- $12,097,000 — f the date we entered into the Note was $12,097,000. We borrowed an additional aggregate am
- $824,665 — rowed an additional aggregate amount of $824,665 in four separate draws under the Note f
- $17,290,665 — balance of all loans under the Note is $17,290,665. 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
- 0001641172-25-025623.txt ( ) — 204KB
- vipz-20250820.xsd (EX-101.SCH) — 3KB
- vipz-20250820_lab.xml (EX-101.LAB) — 33KB
- vipz-20250820_pre.xml (EX-101.PRE) — 22KB
- 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: August 27, 2025 VIP PLAY, INC. By: /s/ Les Ottolenghi Les Ottolenghi, CEO 3