secwatch.observer — SEC 8-K summary
======================================

Issuer:     Limitless X Holdings Inc. (LIMX)
CIK:        0001803977
Form:       8-K
Filed at:   2026-02-27T23:59:59+00:00
Accession:  0001493152-26-008243
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803977/000149315226008243/0001493152-26-008243-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803977/000149315226008243/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-008243

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer