{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-008243","form_type":"8-K","ticker":"LIMX","cik":"0001803977","company_name":"Limitless X Holdings Inc.","filed_at":"2026-02-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.238230+00:00","generated_at":"2026-05-15T23:08:59.903368+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Limitless X exchanges insider-held Class C preferred for Series D 15% perpetual preferred","bullets":["Exchanged 304,264 Class C convertible preferred shares for 1,264,365 Series D 15% cumulative redeemable perpetual preferred shares.","Holders EM1 Capital, LPI, and Amarose—all controlled by CEO Jaspreet Mathur—received Series D at $25 stated value per share.","Class C stated value was 100x the 30-day VWAP of common ($1.04) resulting in ~$31,000 per share; no cash consideration paid.","Holders irrevocably waived all accrued and unpaid dividends on Class C shares through closing.","Series D shares are unregistered and carry restricted legend; issued in reliance on exemption from registration."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-008243","json":"https://secwatch.observer/filing/0001493152-26-008243.json","markdown":"https://secwatch.observer/filing/0001493152-26-008243.md","text":"https://secwatch.observer/filing/0001493152-26-008243.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1803977/000149315226008243/0001493152-26-008243-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1803977/000149315226008243/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T23:08:59.903368+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e987ac9ec2faf2d144c447c20bd326015b930fc5","claim":"Limitless X Holdings Inc. entered into Exchange Agreements with EM1 Capital, LLC, Amarose, Inc., Limitless Performance Inc (effective 2026-02-23).","evidence_excerpt":"Effective February 23, 2026, Limitless X Holdings Inc. (the “Company”), entered into Exchange Agreements (each, an “Exchange Agreement” and collectively, the “Exchange Agreements”) with certain holders of the Company’s Class C Convertible Preferred Stock, par value $0.0001 per share (the “Class C Stock”), pursuant to which such holders agreed to exchange all of their shares of Class C Stock for shares of the Company’s Series D 15% Cumulative Redeemable Perpetual Preferred Stock, par value $0.0001 per share (the “Series D Stock”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1803977/000149315226008243/0001493152-26-008243-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"EM1 Capital, LLC, Amarose, Inc., Limitless Performance Inc"},{"label":"Effective","value":"2026-02-23"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}