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VIP Play ( (VIPZ) ) has shared an update.
On March 31, 2025, VIP Play, Inc. entered into a First Amended and Restated Discretionary Convertible Revolving Line Of Credit Demand Note with Excel Family Partners, LLLP, for a principal amount of up to $14,000,000. The note allows Excel, controlled by VIP Play’s CEO Bruce Cassidy, to make loans at its discretion, with a fixed interest rate of 12% per annum. As of May 15, 2025, the outstanding principal balance was $13,631,000. The note includes provisions for conversion of debt into common stock and adjustments in case of stock changes, impacting the company’s financial flexibility and potential equity structure.
More about VIP Play
VIP Play, Inc. is a Nevada-based company operating in an unspecified industry, with Bruce Cassidy serving as the Chief Executive Officer, Secretary, and sole member of the board of directors.
Average Trading Volume: 3,079
Technical Sentiment Signal: Sell
Current Market Cap: $26.58M
Find detailed analytics on VIPZ stock on TipRanks’ Stock Analysis page.