---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-020272"
form_type: "8-K"
ticker: "LIMX"
cik: "0001803977"
company_name: "Limitless X Holdings Inc."
filed_at: "2023-06-06T23:59:59+00:00"
generated_at: "2026-06-14T06:44:50.955245+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Sold all 5,000 shares of Vybe Labs to CEO-owned Emblaze One in full settlement of $1,167,011 debt.
- CEO Jaspreet Mathur committed up to $1,000,000 working capital via convertible notes at 10% interest, one-year term.
- Conversion price $1.50/share into Preferred Class B; conversion only upon IPO or change-of-control on Nasdaq/NYSE.
- Both transactions are related-party deals approved by disinterested board directors.

## SEC filing metadata
- accession: 0001493152-23-020272
- form_type: 8-K
- ticker: LIMX
- cik: 0001803977
- company_name: Limitless X Holdings Inc.
- filed_at: 2023-06-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1803977/000149315223020272/0001493152-23-020272-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1803977/000149315223020272/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-020272
- JSON: https://secwatch.observer/filing/0001493152-23-020272.json
- Plain text: https://secwatch.observer/filing/0001493152-23-020272.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1803977/000149315223020272/0001493152-23-020272-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1803977/000149315223020272/0001493152-23-020272-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.