{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-000444","form_type":"8-K","ticker":"LIMX","cik":"0001803977","company_name":"Limitless X Holdings Inc.","filed_at":"2025-03-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.942623+00:00","generated_at":"2026-05-24T05:57:12.195263+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"CEO loans $500K to Limitless X at 12.5% interest, receives common and preferred stock","bullets":["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)."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-000444","json":"https://secwatch.observer/filing/0001641172-25-000444.json","markdown":"https://secwatch.observer/filing/0001641172-25-000444.md","text":"https://secwatch.observer/filing/0001641172-25-000444.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1803977/000164117225000444/0001641172-25-000444-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1803977/000164117225000444/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T05:57:12.195263+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}