---
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"
generated_at: "2026-05-24T05:57:12.195263+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-000444
- JSON: https://secwatch.observer/filing/0001641172-25-000444.json
- Plain text: https://secwatch.observer/filing/0001641172-25-000444.txt

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