CEO loans $500K to Limitless X at 12.5% interest, receives common and preferred stock

Limitless X Holdings Inc.

Company borrows $500,000 from CEO Jaspreet Mathur at 12.5% fixed interest; total repayment $562,500.
Maturity date earlier of Sept 21, 2025 or when company secures at least $1M in a qualified offering.
Proceeds used for legal fees ($200K), employee wages ($143K), audit/marketing ($63K), and inventory/operations ($93K).
Additional consideration: 225,000 common shares and 10,000 Class D Preferred shares issued to CEO.
Loan reflects short-term cash needs; equity issued in unregistered transaction exempt under Section 4(a)(2).

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.