other material
confidence high
sentiment neutral
materiality 0.50
Limitless X issues 1.05M shares to four execs for $791K accrued wages at $1.21/share
Limitless X Holdings Inc.
- Issued 1,046,834 shares to CEO, VP Legal, COO, and CFO for accrued compensation from Jan-Sep 2025.
- CEO received 654,270 shares ($791,667); VP Legal 163,567 shares ($197,916); COO 130,857 shares ($158,337); CFO 98,140 shares ($118,749).
- Shares priced at $1.21 each, exempt from registration under Section 4(a)(2) as restricted securities.
- Also filed a form settlement agreement for employee wage disputes, using shares as settlement consideration.