---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-015866"
form_type: "8-K"
ticker: "LIMX"
cik: "0001803977"
company_name: "Limitless X Holdings Inc."
filed_at: "2026-04-09T23:59:59+00:00"
generated_at: "2026-05-15T06:48:32.844496+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Limitless X issues 550k preferred shares to CEO to settle $50k bonus

## Summary
- Issued 550,000 Class B Convertible Preferred shares to CEO Jaspreet Mathur to settle $50,000 bonus obligations.
- Each Class B share converts into 0.067 common shares (~36,850 common shares); beneficial ownership capped at 4.99%.
- Settlement covers all bonus and incentive compensation promised under Mathur's offer letter and for acquiring celebrity contracts.
- Stock price used for valuation: $1.25 per common share as of April 8, 2026.
- Shares are restricted under Securities Act; no dividends, $3 liquidation preference senior to common.

## SEC filing metadata
- accession: 0001493152-26-015866
- form_type: 8-K
- ticker: LIMX
- cik: 0001803977
- company_name: Limitless X Holdings Inc.
- filed_at: 2026-04-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1803977/000149315226015866/0001493152-26-015866-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1803977/000149315226015866/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-015866
- JSON: https://secwatch.observer/filing/0001493152-26-015866.json
- Plain text: https://secwatch.observer/filing/0001493152-26-015866.txt

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