Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from VIP Play ( (VIPZ) ).
VIP Play, Inc. announced that it entered into a First Amended and Restated Discretionary Convertible Revolving Line Of Credit Demand Note with Excel Family Partners on March 31, 2025, with a principal amount of up to $14 million. This agreement allows Excel, controlled by VIP Play’s board member Bruce Cassidy, to provide loans at its discretion, with a current outstanding balance of over $17 million as of August 25, 2025. The loans accrue interest at a fixed rate of 12% per annum, payable on demand, and can be converted into common stock shares under specific conditions. This financial maneuvering positions VIP Play to manage its liquidity and capital structure flexibly, potentially impacting its market operations and shareholder value.
More about VIP Play
VIP Play, Inc. is a company based in Nevada, operating in the financial services industry. The company focuses on providing credit solutions, as evidenced by its engagement in credit agreements and financial instruments.
Average Trading Volume: 21,073
Technical Sentiment Signal: Sell
Current Market Cap: $18.28M
Find detailed analytics on VIPZ stock on TipRanks’ Stock Analysis page.