The VIP Play, Inc. (OTCQB: VIPZ) SEC filings page on Stock Titan provides access to the company’s official disclosures as filed with the U.S. Securities and Exchange Commission. These documents offer detailed insight into VIP Play’s capital structure, financing arrangements, governance decisions, and operational events as it develops its AI-first sports entertainment and mobile sports wagering business.
Recent Forms 8-K describe a First Amended and Restated Discretionary Convertible Revolving Line of Credit Demand Note with Excel Family Partners, LLLP, including the maximum principal amount, fixed annual interest rate, demand repayment terms, and Excel’s option to convert outstanding indebtedness into common stock at a price based on the lowest recent share sale. Additional 8-K filings outline amendments to the company’s 2023 stock plan, the introduction of restricted stock units, and equity awards to executives, providing context on incentive structures and potential dilution.
Other filings cover board and officer changes, such as the expansion of the board and the election of the Chief Executive Officer as a director, as well as disclosures about a software defect that led to unauthorized player withdrawals and the company’s remediation steps. An 8-K also details the termination of a Casino and Sportsbook Online Operations Agreement in West Virginia and VIP Play’s position regarding a demanded early termination penalty.
On Stock Titan, these filings are updated as they appear on EDGAR, and AI-powered summaries help explain the key points in accessible language. Users can review current and historical 8-Ks and related exhibits to understand VIP Play’s financial obligations, governance actions, and material events that may affect VIPZ shareholders and stakeholders.
On October 1, 2026, VIP Play, Inc. (VIPZ) entered into separate amendments to its convertible note agreements with Rick Hackel and The Access Fund I, LP, effective September 1, 2026. The amendments extend the Hackel Notes’ maturities to February 28, 2027, and the Access Note’s maturity to August 31, 2027.
As of September 14, 2026, outstanding principal was $300,000 for the Hackel Notes and $150,000 for the Access Note. The notes continue to accrue interest at 12% per annum. Unless converted under the applicable agreements, outstanding principal and accrued, unpaid interest are due in a single balloon payment at each amended maturity. Dennis Colletti’s loan has been repaid; other terms, including existing conversion provisions, remain in effect.
VIP Play, Inc. (VIPZ) reported that its fiscal 2026 Annual Report was deemed filed on September 29, 2026, after EDGAR transmission on September 28, 2026, after 5:30 p.m. Eastern Time. The company cited final audit and filing procedures, including auditor documentation and approvals and signatures, and said the report was filed within the 15-calendar-day period.
Fiscal 2026 net loss was approximately $9.5 million, compared with approximately $19.2 million in fiscal 2025, a decrease of approximately $9.6 million, or 50.3%; net loss per common share was $0.13 versus $0.26. VIP Play ceased accepting Tennessee wagers on April 30, 2026, and redirected resources to proprietary AI technology and software development, which had not generated commercial revenue through the Annual Report date.
VIP Play, Inc. (VIPZ) discontinued its Tennessee online sportsbook and redirected its business toward developing proprietary AI technologies, software and related intellectual property. Customer wagering ceased April 30, 2026, and the Tennessee gaming license expired May 24, 2026. The company said its AI initiatives remained in the development stage and generated no revenue. For the year ended June 30, 2026, net loss was $9.516 million, compared with $19.159 million in the prior year.
As of June 30, 2026, VIP Play had $128,000 in cash and approximately $29.8 million in principal outstanding under related-party credit facilities, plus approximately $4.8 million in accrued interest; the facilities are payable on demand. The auditor cited substantial doubt about the company’s ability to continue as a going concern, and management said a material weakness in internal financial-reporting controls remained unremediated. On June 3, 2026, VIP Play transferred early-stage AI intellectual property to related party FuzeBox AI, Inc. for a secured note with $1.38 million principal, bearing 4.0% annual interest and maturing 36 months from issuance.
VIP Play, Inc. (VIPZ) is furnishing an investor presentation for use in a non-deal roadshow with current and potential investors. Management plans to use these materials to provide an update on current operations and major projects, and to outline strategic plans, goals, growth initiatives and outlook.
The presentation is attached as Exhibit 99.1 to this current report and is furnished rather than filed under securities laws, so it is not automatically incorporated into other securities law filings. VIP Play states that the presentation speaks only as of September 4, 2026 and disclaims any obligation to update it except as required by law.
VIP Play, Inc. details activity under a discretionary convertible revolving line of credit demand note with Excel Family Partners, controlled by its secretary and sole director Bruce Cassidy. The note has a stated principal amount of up to $14,000,000.
At the time the amended note was entered into, the outstanding principal balance was $12,097,000. VIP Play then borrowed an additional $1,170,000 in five draws between April 27, 2026 and June 17, 2026, and states that total outstanding principal under the note is $25,670,626 as of June 22, 2026.
Loans bear interest at a fixed annual rate of 12.0%, with all principal and interest due on demand. Upon default or certain insolvency events, the rate increases by 2 percentage points. Excel may convert any portion of the debt into common shares at 80% of the “Lowest Recent Price,” with a default reference price of $0.50 per share if no sales occurred in the prior 12 months.
VIP Play, Inc. reports results for the quarter and nine months ended March 31, 2026, showing a small asset base against heavy debt and continued losses. Total assets were $3,766 thousand, while liabilities reached $42,322 thousand, leaving stockholders’ deficit at $38,556 thousand.
The company recorded a net loss of $11,423 thousand for the quarter and $7,137 thousand for the nine-month period, driven by a net gaming loss, $2,093 thousand of quarterly operating expenses, and a $8,148 thousand loss from changes in derivative fair value. A related-party line of credit totaled $28,075 thousand, and derivative liabilities were $8,335 thousand.
Management discloses an accumulated deficit of $70,265 thousand, negative operating cash flows of $7,220 thousand for the nine months, and states that these conditions raise substantial doubt about the company’s ability to continue as a going concern. The filing also notes an unresolved dispute over a terminated West Virginia market access agreement and approximately $200 thousand in unauthorized player withdrawals from a software defect, of which about $30 thousand has been recovered.
VIP Play, Inc. filed an amended current report that removes prior disclosure about proposed executive stock option grants that have not been formally approved under its 2023 Stock Plan and restates the original filing. The amendment keeps the description of the discretionary convertible revolving line of credit with Excel Family Partners, controlled by director Bruce Cassidy. The Note allows borrowing up to $14,000,000; VIP Play had $12,097,000 outstanding when it was entered and drew an additional $1,500,000 in six loans from January 9 through February 13, 2026. As of February 19, 2026, total principal outstanding is $23,286,313, accruing interest at a fixed annual rate of 12.0%, with a possible default rate two percentage points higher and a right for Excel to convert debt to common shares at 80% of the “Lowest Recent Price.”
VIP Play, Inc. details increased borrowing under a related-party convertible credit arrangement. The company previously entered into a First Amended and Restated Discretionary Convertible Revolving Line Of Credit Demand Note with Excel Family Partners in a principal amount of up to $14,000,000, controlled by its secretary and sole director, Bruce Cassidy. The outstanding principal was $12,097,000 when the note was signed, and VIP Play borrowed an additional $1,214,313 across seven draws between February 20 and April 17, 2026, bringing total outstanding principal to $24,500,626 as of April 20, 2026. The debt bears fixed interest of 12.0% per year, is payable on demand, and may be converted at Excel’s option into common stock at 80% of the “Lowest Recent Price,” with anti-dilution and reorganization adjustments described in the note.
VIP Play, Inc. describes increased borrowing under a discretionary convertible credit line with Excel Family Partners, an entity controlled by its secretary and sole director, Bruce Cassidy. The outstanding principal on this insider credit facility rose to $23,286,313 as of February 19, 2026, accruing interest at 12% per year and payable on demand.
Excel may convert any or all of the debt into common shares at a price equal to 80% of the “Lowest Recent Price,” with a floor of $0.50 per share if no stock sales occurred in the prior 12 months, and the terms include customary anti-dilution and reorganization adjustments. Separately, the board granted VP of Operations John Dermody options to buy 1,500,000 shares, vesting over four years under the company’s 2023 Stock Plan.
VIP Play, Inc. reported quarterly results for the period ended December 31, 2025, showing net income of $7.8 million for the quarter and $4.3 million for the six months, mainly from an $11.1 million non‑cash gain on derivative liabilities.
The core business remains weak, with gaming revenue of $72,000 for the quarter and a loss from operations of $2.4 million for the quarter and $5.3 million for six months. Cash was $241,000 plus $58,000 reserved for users, against a related‑party line of credit balance of $25.7 million and total stockholders’ deficit of $27.3 million.
The company discloses an accumulated deficit of $58.8 million, negative operating cash flow of $5.0 million for six months, and states that these conditions raise substantial doubt about its ability to continue as a going concern. VIP Play obtained interim approval for West Virginia i‑Gaming and sports wagering licenses but has not started operations there and is contesting a notice of termination and early termination fee under its West Virginia market access agreement.