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VIP Play ( (VIPZ) ) has provided an announcement.
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, allowing for loans up to $14,000,000. As of June 19, 2025, the outstanding principal balance was $15,161,000. The loans accrue interest at a fixed rate of 12% per annum, and Excel has the option to convert the debt into common stock shares under certain conditions, impacting the company’s financial flexibility and shareholder structure.
More about VIP Play
VIP Play, Inc. operates within the financial industry, focusing on providing credit facilities and financial services. The company is involved in offering convertible revolving lines of credit, which are tailored to meet the needs of its stakeholders, including strategic partnerships with entities like Excel Family Partners.
Average Trading Volume: 8,185
Technical Sentiment Signal: Strong Sell
Current Market Cap: $29.13M
See more data about VIPZ stock on TipRanks’ Stock Analysis page.