secwatch.observer — SEC 8-K summary
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Issuer:     Limitless X Holdings Inc. (LIMX)
CIK:        0001803977
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001493152-23-038348
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Limitless X converts $9.675M in convertible notes to Class B Preferred Stock
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- Converted $9,675,000 principal plus $674,097 accrued interest into 10,349,097 shares of Class B Preferred Stock.
- Each share of Class B Stock received per $2.00 of principal and interest; convertible into 2 shares of common at holder's option.
- Class B Stock has $3.00 liquidation preference per share, senior to common, junior to Class A Preferred, and no voting rights.
- Conversion extinguishes all convertible notes issued Aug 2022 through Jan 2023 under Section 4(a)(2)/506(b) exemption.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803977/000149315223038348/0001493152-23-038348-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803977/000149315223038348/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-038348

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