Bio Lab Naturals receives $500k CEO advance; name change to Limitless X Holdings Inc.

Limitless X Holdings Inc.

CEO Jaspreet Mathur advanced $500k on June 1, 2022; total advances $2.8M at 6%-8.5% interest.
CEO directly paid $2.3M in expenses; aggregate funding from CEO now $5.1M.
Board and shareholders voted to rename company to Limitless X Holdings Inc. effective June 6, 2022.
No payments have been made to CEO on any prior advances; repayment terms for $500k not yet formalized.

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