secwatch.observer — SEC 8-K summary
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Issuer:     Limitless X Holdings Inc. (LIMX)
CIK:        0001803977
Form:       8-K
Filed at:   2025-02-11T23:59:59+00:00
Accession:  0001493152-25-005776
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Limitless X converts $3.375M debt to Series D Preferred; signs Pauly D endorsement for $250K/year
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- Debt conversion with CEO Jaspreet Mathur: $3M principal + $375K interest settled by issuing 135K shares of Series D 15% Cumulative Preferred.
- Endorsement agreement with Pauly D: $150K cash + $100K restricted stock per year, 3-year initial term.
- Series D Preferred: $25 liquidation preference, 15% cumulative dividend, no voting rights, redeemable after 2 years.
- First $50K restricted stock for Pauly D due shortly; remaining $50K on first anniversary.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803977/000149315225005776/0001493152-25-005776-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803977/000149315225005776/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-005776

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