secwatch.observer — SEC 8-K summary
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Issuer:     Limitless X Holdings Inc. (LIMX)
CIK:        0001803977
Form:       8-K
Filed at:   2024-09-16T23:59:59+00:00
Accession:  0001493152-24-036420
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Limitless X settles compensation disputes with key employees, issuing 3.2M shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803977/000149315224036420/0001493152-24-036420-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803977/000149315224036420/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-036420

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