other material
confidence high
sentiment neutral
materiality 0.60
Limitless X enters consulting deal with CEO affiliate, designates Series D preferred stock
Limitless X Holdings Inc.
- Entered consulting agreement with CEO-owned Limitless Performance Inc.; grant of 133,333 stock options as compensation.
- LPI waived royalty payments under existing license agreement for 3 years through Dec 31, 2027, saving cash outflow.
- Board designated 5M shares of Series D 15% Cumulative Redeemable Perpetual Preferred Stock, $25 stated value.
- Created Audit, Compensation, and Nominating Committees with independent directors; chairs: Iddrissu, Saccomanno, Anderson.