---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-050148"
form_type: "8-K"
ticker: "LIMX"
cik: "0001803977"
company_name: "Limitless X Holdings Inc."
filed_at: "2024-12-16T23:59:59+00:00"
generated_at: "2026-05-29T03:03:38.394609+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# CEO Jaspreet Mathur lends $145k to Limitless X Holdings via promissory note, receives 50k shares

## Summary
- Promissory note of $145,000 principal ($153,700 with 12% interest) from CEO/Chairman/10% holder Mathur to the company.
- Maturity due June 10, 2025 or upon company securing $1M+ in a qualified financing, whichever is earlier.
- As additional consideration, company will issue 50,000 restricted common shares to Mathur within two business days.
- Loan proceeds earmarked for re-audit fee, securities attorney invoices, and recent marketing expenses.
- Default triggers immediate acceleration; 3% monthly default interest and collection costs apply.

## SEC filing metadata
- accession: 0001493152-24-050148
- form_type: 8-K
- ticker: LIMX
- cik: 0001803977
- company_name: Limitless X Holdings Inc.
- filed_at: 2024-12-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1803977/000149315224050148/0001493152-24-050148-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1803977/000149315224050148/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-050148
- JSON: https://secwatch.observer/filing/0001493152-24-050148.json
- Plain text: https://secwatch.observer/filing/0001493152-24-050148.txt

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