other material
confidence high
sentiment negative
materiality 0.60
Limitless X settles compensation disputes with key employees, issuing 3.2M shares
Limitless X Holdings Inc.
- Issued aggregate of 3,202,464 shares of common stock to settle disputed unpaid wages with four employees.
- CEO Jaspreet Mathur received 1,552,442 shares ($1,552,442); President Kenneth Haller received 932,171 shares.
- VP of Legal Affairs Rob D. Cucher received 658,476 shares; former Operations Manager Karmandeep Munder received 59,375 shares.
- All shares are restricted and subject to a one-year lock-up period from September 10, 2024.