other material
confidence high
sentiment neutral
materiality 0.50
Limitless X Holdings creates Class C Convertible Preferred Stock
Limitless X Holdings Inc.
- Company designated 5,000,000 shares of preferred stock as Class C Convertible Preferred Stock with par value $0.0001.
- Class C ranks junior to Class A and Class B Preferred but senior to common stock on liquidation.
- Each Class C share convertible into 100 common shares at holder's option; conversion capped at 4.99% beneficial ownership.
- Current capital: 7,179,961 common shares outstanding; 500,000 Class A and 531,356 Class B shares issued.
- Class C has no voting rights and no dividends except as required by law.