Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
VIP Play ( (VIPZ) ) has issued an update.
VIP Play, Inc. entered into a First Amended and Restated Discretionary Convertible Revolving Line Of Credit Demand Note with Excel Family Partners, LLLP, controlled by Mr. Bruce Cassidy, on March 31, 2025. The note allows for loans at Excel’s discretion up to $14 million, with a current outstanding balance of $18,846,665 as of October 3, 2025, accruing interest at 12% per annum. The agreement includes provisions for conversion of debt into common stock and adjustments in case of stock changes, with implications for the company’s financial flexibility and potential equity dilution.
More about VIP Play
Average Trading Volume: 20,877
Technical Sentiment Signal: Sell
Current Market Cap: $15.42M
See more data about VIPZ stock on TipRanks’ Stock Analysis page.