---
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"
generated_at: "2026-05-15T23:08:59.903368+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Limitless X exchanges insider-held Class C preferred for Series D 15% perpetual preferred

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-008243
- JSON: https://secwatch.observer/filing/0001493152-26-008243.json
- Plain text: https://secwatch.observer/filing/0001493152-26-008243.txt

## Key facts
- Material Agreements
  Limitless X Holdings Inc. entered into Exchange Agreements with EM1 Capital, LLC, Amarose, Inc., Limitless Performance Inc (effective 2026-02-23).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: EM1 Capital, LLC, Amarose, Inc., Limitless Performance Inc
  - Effective: 2026-02-23
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1803977/000149315226008243/0001493152-26-008243-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.