secwatch / observer
8-K filed June 6, 2023, 7:59 PM ET ticker LIMX CIK 0001803977
other material confidence high sentiment neutral materiality 0.65

Limitless X sells Vybe Labs to CEO-owned entity for debt settlement; CEO commits $1M working capital

Limitless X Holdings Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.7

Limitless X Holdings Inc. entered into Funding Commitment Agreement with Jas Mathur valued at up to $1,000,000 (effective 2023-06-03).

Action
entry
Agreement
credit facility
Counterparty
Jas Mathur
Value
up to $1,000,000
Effective
2023-06-03
Exact text from the filing
On June 3, 2023, the Company entered into a Funding Commitment Agreement (the “Funding Commitment”) with its Chief Executive Officer and Chairman of the Board of Directors, Jas Mathur, wherein Mr. Mathur committed to provide up to $1,000,000 of working capital to the Company over the next six months.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Limitless X Holdings Inc. entered into Agreement for Purchase and Sale of Stock with Emblaze One, Inc. valued at $1,167,011 (effective 2023-06-01).

Action
entry
Agreement
asset purchase
Counterparty
Emblaze One, Inc.
Value
$1,167,011
Effective
2023-06-01
Exact text from the filing
On June 1, 2023, Limitless X Holdings Inc. (the “Company”) entered into an Agreement for Purchase and Sale of Stock (the “Vybe Sale Agreement”) with Emblaze One, Inc., a Nevada corporation, (“Emblaze”) wherein the Company sold all 5,000 of its shares of common stock of its wholly owned subsidiary Vybe Labs, Inc., a Delaware corporation (“Vybe”) as full payment and settlement of a debt in the amount of $1,167,011 owed by the Company to Emblaze under two certain Loan Authorization and Agreements dated April 1, 2022, in the principal amount of $237,610 and December 31, 2022, in the principal amount of $929,401 (collectively, the “Notes”).
View on SEC.gov

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Limitless X Holdings Inc. filing history →

Source: SEC EDGAR
accession 0001493152-23-020272
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