secwatch.observer — SEC 8-K summary
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Issuer:     Limitless X Holdings Inc. (LIMX)
CIK:        0001803977
Form:       8-K
Filed at:   2026-01-26T23:59:59+00:00
Accession:  0001493152-26-003514
Event type: debt
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Limitless X enters lease for Manny Pacquiao center and raises $675k through convertible notes
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- Lease: 3,815 sq ft in LA for Manny Pacquiao training center; 5-year term starting Feb 2026; rent $14,306-$16,214/mo plus 3% annual escalations; guaranteed by Company and CEO Jas Mathur.
- CFI Capital: $150k principal note (6% OID) convertible at 65% of lowest 20-day trading price; due Nov 2026.
- Labrys Fund II: $275k note (8% interest) with 6,750 commitment shares; convertible at 85% of lowest 15-day bid; monthly amortization $29,700 starting Feb 2026.
- GS Capital Partners: $140k note (12% interest) with 6 monthly amortization payments of $26,133; conversion at 65% of 15-day low on default.
- Auctus Fund: $110k note (12% interest) with $12,000 monthly amortization; conversion at 60% of 15-day low; two warrants for 157,143 shares at $1.40.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803977/000149315226003514/0001493152-26-003514-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803977/000149315226003514/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-003514

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