VIP Play, Inc. Reports New Financial Obligation
Ticker: VIPZ · Form: 8-K · Filed: Dec 3, 2025 · CIK: 1832161
| Field | Detail |
|---|---|
| Company | Vip Play, Inc. (VIPZ) |
| Form Type | 8-K |
| Filed Date | Dec 3, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $14,000,000, $12,097,000, $1,008,270, $20,665,313, $0.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financial-obligation
TL;DR
VIP Play Inc. just took on a new financial obligation. Watch their debt levels.
AI Summary
On November 26, 2025, VIP Play, Inc. reported the creation of a direct financial obligation. The company, formerly known as KeyStar Corp., is incorporated in Nevada and headquartered in Las Vegas. This filing indicates a new financial commitment for the company.
Why It Matters
This filing signals a new debt or financial commitment for VIP Play, Inc., which could impact its financial structure and future obligations.
Risk Assessment
Risk Level: medium — The creation of a direct financial obligation can introduce new risks related to debt servicing and financial leverage.
Key Players & Entities
- VIP Play, Inc. (company) — Registrant
- KeyStar Corp. (company) — Former company name
- November 26, 2025 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- 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 the creation of a direct financial obligation but does not specify the exact nature or terms of this obligation.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on November 26, 2025.
What was VIP Play, Inc. formerly 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 8400 W. Sunset Rd., Suite 300, Las Vegas, Nevada 89113.
Filing Stats: 1,077 words · 4 min read · ~4 pages · Grade level 11.7 · Accepted 2025-12-03 13:31:58
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
- $1,008,270 — rowed an additional aggregate amount of $1,008,270 in five separate draws under the Note f
- $20,665,313 — balance of all loans under the Note is $20,665,313. 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
- 0001493152-25-025923.txt ( ) — 200KB
- vipz-20251126.xsd (EX-101.SCH) — 3KB
- vipz-20251126_lab.xml (EX-101.LAB) — 33KB
- vipz-20251126_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: December 3, 2025 VIP PLAY, INC. By: /s/ Les Ottolenghi Les Ottolenghi, CEO 4