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.
VIP Play, Inc. (VIPZ) reported a loss and liquidity strain in its Form 10-K. For the year ended June 30, 2025 the company recorded a net loss of $18,881,931, negative cash flows from operations of $10,430,726 and a working capital deficit of $31,919,904, conditions the company says raise substantial doubt about its ability to continue as a going concern for one year.
The company had $162,599 in cash and 73,457,857 shares outstanding. Significant financing activity included conversion of $10,366,653 of indebtedness into 25,916,632 shares, related-party lines of credit and convertible notes (multiple amendments with Excel Family Partners, LLLP and others) that include conversion options and warrants. Management disclosed related-party lending controlled by the CEO and large balances of convertible/convertible-line debt that affect liquidity and potential dilution.
VIP Play, Inc. reported a software defect affecting its internal IT systems and applications during the weekend of August 23, 2025. The issue led to unauthorized player withdrawals that were processed by the company’s payment processor totaling approximately $200,000. The company states that the defect has been addressed and corrected, and it has notified applicable regulators.
VIP Play has begun recovering the funds from the implicated individuals and has recouped approximately $27,000 so far. It expects to recover the majority of the remaining balance over the coming months. The company does not believe this incident will have a material impact on its results for the first quarter of fiscal year 2026.
VIP Play, Inc. describes updated borrowing activity and key terms of its First Amended and Restated Discretionary Convertible Revolving Line of Credit Demand Note with Excel Family Partners, LLLP, a lender controlled by its Secretary and sole director Bruce Cassidy. The note allows borrowings up to a principal amount of not more than $14,000,000 and carries a fixed annual interest rate of 12.0%, with all principal and interest due on demand.
The company reports that the aggregate outstanding principal balance under the note was $12,097,000 when it was entered into, and that it drew an additional $630,000 between August 27, 2025 and September 10, 2025, resulting in an aggregate outstanding principal balance of $17,920,665 as of September 12, 2025. Excel may convert any portion of this debt into common stock at a price equal to 80% of the “Lowest Recent Price,” defined as the lowest price per share sold in the prior 12 months or $0.50 per share if no such sales occurred.
VIP Play, Inc. reports that it has again modified its financing arrangements with three investors by extending the maturity of existing convertible promissory notes, revising their conversion terms, and receiving an additional loan.
The original notes totaled $200,000 from Rick Hackel, $500,000 from Dennis Colletti, and $150,000 from The Access Fund I, LP, all bearing 12% annual interest and previously extended to maturity dates in 2025. Under a Second Amendment dated September 8, 2025, the Hackel and Access notes now mature on August 31, 2026, while the Colletti note matures on October 1, 2025.
The amendments also reset the conversion price to the lower of $0.60 per share or 80% of the lowest common stock sale price in the twelve months before maturity. In addition, Colletti and Access consented to Hackel providing an extra $100,000 convertible loan maturing on August 31, 2026, further expanding VIP Play’s convertible debt obligations.