secwatch.observer — SEC 8-K summary
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Issuer:     Limitless X Holdings Inc. (LIMX)
CIK:        0001803977
Form:       8-K
Filed at:   2025-01-15T23:59:59+00:00
Accession:  0001493152-25-002307
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 3.02, 3.03, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803977/000149315225002307/0001493152-25-002307-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803977/000149315225002307/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-002307

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer