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confidence high
sentiment neutral
materiality 0.50
Limitless X subsidiary lends $1M secured bridge loan for film pre-production with A-list actor
Limitless X Holdings Inc.
- Loan of $1,000,000 at 12.5% per annum, secured by copyright and screenplay in the Picture.
- Maturity is earlier of principal photography start or December 15, 2025.
- CEO Jaspreet Mathur's affiliate EM1 Capital LLC advanced the loan to the borrower.
- Funds to support cash flow for pre-production of an upcoming film featuring an A-list actor.
- Lender is subsidiary Limitless Films, Inc.; borrower is a film producer.