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.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Limitless X Holdings Inc.: Filed a Certification of Designation of Class C Convertible Preferred Stock (effective 2025-01-02).

Change: charter amendment
Effective: 2025-01-02

Exact text from the filing

Effective as of January 2, 2025, Limitless X Holdings Inc. (the “Company”) filed a Certification of Designation of Class C Convertible Preferred Stock (the “Certificate”) with the Delaware Secretary of State and in accordance with the Delaware General Corporation Law.

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Limitless X Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-001325

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