secwatch.observer — SEC 8-K summary
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Issuer:     Limitless X Holdings Inc. (LIMX)
CIK:        0001803977
Form:       8-K
Filed at:   2022-06-08T23:59:59+00:00
Accession:  0001213900-22-031800
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803977/000121390022031800/0001213900-22-031800-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803977/000121390022031800/ea161345-8k_biolabnatur.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-031800

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer