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.

Key facts

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

Limitless X Holdings Inc.: Filed Certificate of Designation for Series D 15% Cumulative Redeemable Perpetual Preferred Stock (effective 2025-01-23).

Change: charter amendment
Effective: 2025-01-23

Exact text from the filing

Effective as of January 23, 2025, the Company filed a Certificate of Designation of Series D 15% Cumulative Redeemable Perpetual 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 0001493152-25-003686

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