# EDGAR Filing Document

**Accession Number:** 0001832161
**File Stem:** 0001493152-26-006632
**Filing Date:** 2026-2
**Character Count:** 22422
**Document Hash:** 3c1cbbe6fcb822adfad3be7cc918c531
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-006632.hdr.sgml**: 20260213

**ACCESSION NUMBER**: 0001493152-26-006632

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 16

**FILED AS OF DATE**: 20260213

**DATE AS OF CHANGE**: 20260213

**EFFECTIVENESS DATE**: 20260213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VIP Play, Inc.
- **CENTRAL INDEX KEY:** 0001832161
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-MISCELLANEOUS RETAIL [5900]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 850738656
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-293455
- **FILM NUMBER:** 26631235

**BUSINESS ADDRESS:**
- **STREET 1:** 78 SW 7TH STREET
- **STREET 2:** SUITE 500
- **CITY:** MIAMI
- **STATE:** FL
- **ZIP:** 33130
- **BUSINESS PHONE:** 866-783-9435

**MAIL ADDRESS:**
- **STREET 1:** 78 SW 7TH STREET
- **STREET 2:** SUITE 500
- **CITY:** MIAMI
- **STATE:** FL
- **ZIP:** 33130

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** KeyStar Corp.
- **DATE OF NAME CHANGE:** 20201112

**As filed with the Securities and Exchange Commission on February 13, 2026**

**Registration No. 333-**

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM S-8** **<br> REGISTRATION STATEMENT**

**UNDER<br> THE SECURITIES ACT OF 1933**

**VIP PLAY, INC.**

(Exact name of registrant as specified in its charter)

---

| | |
|:---|:---|
| **Nevada** | **85-0738656** |
| (State or other jurisdiction of<br> incorporation or organization) | (I.R.S. Employer<br> Identification No.) |
| **8400 W. Sunset Rd., Suite 300,** <br> **Las Vegas, Nevada**<br> (Address of Principal Executive Offices) | **<br> 89113**<br> (Zip Code) |

---

**VIP PLAY, INC. 2023 STOCK PLAN, as Amended and Restated effective October 3, 2025**

(Full title of the plan)

**Les Ottolenghi**

**Chief Executive Officer**

**c/o VIP Play, Inc.<br> 8400 W. Sunset Rd., Suite 300, Las Vegas, Nevada 89113<br> (866) 783-9435**<br> (Name, address and telephone number, including area code, of agent for service)

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer ☐ Accelerated Filer ☐ <br> Non-Accelerated Filer ☒ Smaller reporting company ☒ <br> Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

**PART I**

**INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS**

Information required by Part I to be contained in the Section 10(a) prospectus is omitted from this Registration Statement in accordance with Rule 428 under the Securities Act and the Note to Part I of Form S-8. The documents containing information specified in this Part I will be separately provided to the participants in the VIP Play, Inc. 2023 Stock Plan, as amended and restated effective October 3, 2025 covered by this Registration Statement, as specified by Rule 428(b)(1) under the Securities Act.

**PART II**

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

**ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE**

The following documents filed with the Securities and Exchange Commission (the "Commission") by VIP Play, Inc. (the "Registrant") are incorporated herein by reference.

(1) The
 Registrant's Annual Report on [Form 10-K](http://www.sec.gov/Archives/edgar/data/1832161/000149315225016043/form10-k.htm) for the year ended June 30, 2025, filed with the Commission on September 29, 2025;

(2) The
 Registrant's Quarterly Report on [Form 10-Q](http://www.sec.gov/Archives/edgar/data/1832161/000149315225023292/form10-q.htm) for the quarter ended September 30, 2025, filed with the Commission on November
 14, 2025;

(3) The
 Registrant's Current Reports on Form 8-K filed with the Commission on [July 3, 2025](https://www.sec.gov/Archives/edgar/data/1832161/000164117225017747/form8-k.htm) , [July 24, 2025](https://www.sec.gov/Archives/edgar/data/1832161/000164117225020852/form8-k.htm) , [August 27, 2025](https://www.sec.gov/Archives/edgar/data/1832161/000164117225025623/form8-k.htm) , [September 12, 2025](https://www.sec.gov/Archives/edgar/data/1832161/000149315225013204/form8-k.htm) , [September 15, 2025](https://www.sec.gov/Archives/edgar/data/1832161/000149315225013296/form8-k.htm) , [September 29, 2025](https://www.sec.gov/Archives/edgar/data/1832161/000149315225015842/form8-k.htm) , [October 3, 2025](https://www.sec.gov/Archives/edgar/data/1832161/000149315225016796/form8-k.htm) , [October 7, 2025](https://www.sec.gov/Archives/edgar/data/1832161/000149315225017165/form8-k.htm) , [October 20, 2025](https://www.sec.gov/Archives/edgar/data/1832161/000149315225018582/form8-k.htm) , [October 24, 2025](https://www.sec.gov/Archives/edgar/data/1832161/000149315225019239/form8-k.htm) , [October 30, 2025](https://www.sec.gov/Archives/edgar/data/1832161/000149315225020206/form8-k.htm) , [November 21, 2025](https://www.sec.gov/Archives/edgar/data/1832161/000149315225024667/form8-k.htm) , [November 24, 2025](https://www.sec.gov/Archives/edgar/data/1832161/000149315225024867/form8-k.htm) , [December 3, 2025](https://www.sec.gov/Archives/edgar/data/1832161/000149315225025923/form8-k.htm) and [January 5, 2026](https://www.sec.gov/Archives/edgar/data/1832161/000149315226000322/form8-k.htm) ;

(4) The
 Registrant's Information Statement Pursuant to Section 14(c) of the Securities Exchange Act of 1934 as amended (the "Exchange
 Act"), filed with the Commission on [November 26, 2025](https://www.sec.gov/Archives/edgar/data/1832161/000149315225025080/formdef14c.htm) ; and

(5) The
 description of the Registrant's Common Stock contained in the Registrant's Registration Statement on [Form 8-A](http://www.sec.gov/Archives/edgar/data/1832161/000139390521000288/kstar_8a12g.htm) under the
 Exchange Act, filed with the Commission on June 2, 2021, as modified by any amendment or report filed for the purpose of updating
 such description.

All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates that all securities offered have been sold, or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the date of filing of such documents.

Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein, or in any other subsequently filed document which also is incorporated or deemed to be incorporated by reference herein, modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

**ITEM 4. DESCRIPTION OF SECURITIES**

Not applicable.

**ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL**

Not applicable.

**ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS**

We are a Nevada corporation and generally governed by the Nevada Private Corporations Code, Title 78 of the Nevada Revised Statutes, or NRS.

Section 78.138(3) of the NRS provides that in deciding upon matters of business, the officers and directors are presumed to act in good faith, on an informed basis, and with a view to the interests of the corporation. Section 78.138(7) further provides, unless the corporation's articles of incorporation provide otherwise, a director or officer will not be individually liable to the corporation or its stockholders unless it is proven that (a) the presumption established in Section 78.138(3) is rebutted and (b) the director's or officer's acts or omissions constituted a breach of his or her fiduciary duties, and (c) such breach involved intentional misconduct, fraud or a knowing violation of the law.

Section 78.7502 of the NRS permits a Nevada corporation to indemnify its directors and officers against expenses, judgments, fines, and amounts paid in settlement actually and reasonably incurred in connection with a threatened, pending, or completed action, suit, or proceeding, except an action by or on behalf of the corporation, if the officer or director (i) is not liable pursuant to NRS 78.138, or (ii) acted in good faith and in a manner the officer or director reasonably believed to be in or not opposed to the best interests of the corporation and, if a criminal action or proceeding, had no reasonable cause to believe the conduct of the officer or director was unlawful. Section 78.751 of the NRS also requires a corporation to indemnify its officers and directors if they have been successful on the merits or otherwise in defense of any claim, issue, or matter resulting from their service as a director or officer.

Section 78.751 of the NRS also permits a Nevada corporation to indemnify its officers and directors against expenses incurred by them in defending a civil or criminal action, suit, or proceeding as they are incurred and in advance of final disposition thereof, upon receipt of an undertaking of the director or officer to repay the amount if it is ultimately determined by a court of competent jurisdiction that the director or officer is not entitled to be indemnified by the corporation. The articles of incorporation, the bylaws or an agreement made by the corporation may require the corporation to pay such expenses upon receipt of such an undertaking. Section 78.751 of the NRS further permits the corporation to grant its directors and officers additional rights of indemnification under its articles of incorporation, bylaws or other agreement.

Section 78.752 of the NRS provides that a Nevada corporation may purchase and maintain insurance or make other financial arrangements on behalf of any person who is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another company, partnership, joint venture, trust or other enterprise, for any liability asserted against him and liability and expenses incurred by him in his capacity as a director, officer, employee or agent, or arising out of his status as such, whether or not the corporation has the authority to indemnify him against such liability and expenses.

Our Articles of Incorporation and bylaws implement the indemnification and insurance provisions permitted by Chapter 78 of the NRS by providing that:

● We
 shall indemnify our directors and officers to the fullest extent permitted by the NRS against expense, liability and loss reasonably
 incurred or suffered by them in connection with their service as an officer or director;

● We
 are required to advance expenses to our directors and officers upon receipt of an undertaking to repay the amount if it is ultimately
 determined that the director or officer is not entitled to be indemnified; and

● We
 may purchase and maintain insurance, or make other financial arrangements, on behalf of any person who holds or who has held a position
 as a director, officer, or representative against liability, cost, payment, or expense incurred by such person.

**ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED**

Not applicable.

**Item 8. Exhibits** 

The exhibits listed under the caption "Exhibit Index" below in this Registration Statement are incorporated by reference herein.

**ITEM 9. UNDERTAKINGS**

(a) The undersigned Registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement; *provided*, *however*, that paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

(b) The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in this Registration Statement shall be deemed to be a new registration statement relating to the securities offered herein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| Exhibit No. | Description |
| 4.1\*\* | [VIP Play, Inc. 2023 Stock Plan, as Amended and Restated effective October 3, 2025 (incorporated by reference to Exhibit 10.1 to VIP Play, Inc. Current Report on Form 8-K filed on October 7, 2025).](https://www.sec.gov/Archives/edgar/data/1832161/000149315225017165/ex10-1.htm) |
| 5.1\* | [Opinion of Bahnsen Legal Group, PLLC](ex5-1.htm) |
| 23.1\* | [Consent of Grassi & Co., CPAs, P.C.](ex23-1.htm) |
| 23.2\* | [Consent of Bahnsen Legal Group, PLLC (included in Exhibit 5.1)](ex5-1.htm) |
| 107\* | [Filing Fee Table](ex107.htm) |

---

\* Filed herewith

\*\* Previously filed

**SIGNATURES**

Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Las Vegas, State of Nevada, on February 13, 2026.

---

| | |
|:---|:---|
| **VIP PLAY, INC.** | **VIP PLAY, INC.** |
| By: | */s/ Les Ottolenghi* |
|  | Les Ottolenghi, CEO |

---

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities and on the date indicated.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| */s/ Les Ottolenghi* | Director and Chief Executive Officer | February 13, 2026 |
| Les Ottolenghi | (Principal Executive Officer) |  |
| */s/ Amy Weiss* | Chief Accounting Officer | February 13, 2026 |
| Amy Weiss | (Principal Financial and Accounting Officer) |  |
| */s/ Bruce A. Cassidy* | Director | February 13, 2026 |
| Bruce A. Cassidy |  |  |

---

## Exhibit 5.1

**Exhibit 5.1**

**BAHNSEN LEGAL GROUP, PLLC**

**ATTORNEYS AT LAW**

February 13, 2026

VIP Play, Inc.

8400 W. Sunset Rd., Suite 300

Las Vegas, Nevada 89113

Re: VIP Play, Inc. Registration Statement on Form S-8

Ladies and Gentlemen:

We have examined the Registration Statement on Form S-8 (the "**Registration Statement**") to be filed by VIP Play, Inc., a Nevada corporation (the "**Company**"), with the Securities and Exchange Commission (the "**Commission**") on or about the date hereof, relating to the registration under the Securities Act of 1933, as amended (the "**Act**"), of 18,250,000 shares of common stock, par value $0.001 per share ("**Common Stock**"), reserved for issuance pursuant to the Company's 2023 Stock Plan, as Amended and Restated effective October 3, 2025 (which plan is referred to herein as the "**Plan**" and which shares of Common Stock are referred to herein as the "**Shares**").

On the basis of the foregoing, and in reliance thereon, we are of the opinion that the Shares, when issued and sold in the manner referred to in the Plan and pursuant to the agreements that accompany the Plan, will be legally and validly issued, fully paid, and nonassessable.

This opinion is for your benefit in connection with the Registration Statement and may be relied upon by you and by persons entitled to rely upon it pursuant to the applicable provisions of the Act. We consent to your filing this opinion as an exhibit to the Registration Statement and to the reference to our firm in the Prospectus under the heading "Legal Matters." In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission thereunder.

---

| |
|:---|
| Very truly yours, |
| /s/ Bahnsen Legal Group, PLLC |

---

Bahnsen Legal Group, PLLC 131 NE 1st Avenue, Suite 100, Boca Raton, Florida 33432

Phone: 407-808-5700 Email: <u>jeff@bahnsenlaw.com</u>

## Exhibit 23.1

**Exhibit 23.1**

**Consent of Independent Registered Public Accounting Firm**

We hereby consent to the incorporation by reference in this Form S-8 of our report, dated September 29, 2025, with respect to our audits of the consolidated financial statements of VIP Play, Inc. as of June 30, 2025 and 2024 and for the years then ended. Our report included an explanatory paragraph related to substantial doubt about the company's ability to continue as a going concern.

---

| |
|:---|
| ![](ex23-1_002.jpg) |
| Grassi & Co., CPAs, P.C. |

---

Jericho, New York <br> February 11, 2026

## Ex-Filing

?xml version='1.0' encoding='ASCII'?

**Exhibit 107**

**CALCULATION OF FILING FEE TABLES** 

**Form S-8**

(Form Type)

**VIP Play, Inc.**

(Exact Name of Registrant as Specified in its Charter)

TABLE 1 - NEWLY REGISTERED SECURITIES

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Security <br> Type | Security <br> Class <br> Title | Fee<br> Calculation<br> Rule | Amount<br> Registered<br> <sup>(1)</sup> | Proposed<br> Maximum<br> Offering <br> Price Per <br> Unit | Maximum<br> Aggregate<br> Offering <br> Price | Fee <br> Rate | Amount of<br> Registration<br> Fee |
| Equity | Common Stock, par value $0.001 per share | 457(c) and (h) | 18250000<sup>(2)</sup> | $0.34<sup>(3)</sup> | $6205000<sup>(3)</sup> | 0.0001381 | $856.91 |
| Total Offering Amounts | Total Offering Amounts | Total Offering Amounts |  |  | $6205000 |  | $856.91 |
| Total Fee Offsets | Total Fee Offsets | Total Fee Offsets |  |  |  |  | $0 |
| Net Fee Due | Net Fee Due | Net Fee Due |  |  |  |  | $856.91 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Pursuant to Rule
416(a) promulgated under the U.S. Securities Act of 1933, as amended (the "Securities Act"), there are also being registered
an indeterminable number of additional securities as may be issued to prevent dilution resulting from stock splits, stock dividends,
or similar transactions.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Represents the
shares of common stock reserved for future issuance under the VIP Play, Inc. 2023 Stock Plan, as Amended and Restated effective October
3, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(3) Pursuant to Rule
457(c) and 457(h) under the Securities Act, and solely for the purpose of calculating the registration fee, the proposed maximum offering
price per share is $0.34, which is the average of the final bid and ask prices of shares of the Registrant's common stock on The
OTCQB Venture Market on February 12, 2026.