Limitless X issues 1.34M shares for wage claims, 320K Class C shares for $8M debt, 1.95M shares to directors

Limitless X Holdings Inc.

Issued 1.34M common shares to five employees to settle $536K in unpaid wages for Sep–Dec 2024.
Issued 320K shares of Class C Preferred (convertible to 32M common) to 4 vendors to settle $7.96M in debt.
Granted 1.95M common shares to seven directors for $972.5K in accrued fees from May 2022–Dec 2024.
Removed 4.99% conversion cap on Class C Preferred, allowing full conversion into common shares.
Total common shares outstanding now 12.3M as of Jan 14, 2025, up sharply.

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