Limitless X converts $6.5M debt owed to CEO into 260K Series D preferred shares

Limitless X Holdings Inc.

Converted $6,505,368 aggregate debt (principal + interest) owed to CEO Jaspreet Mathur and two controlled entities.
Issued 260,214 shares of Series D 15% Cumulative Redeemable Perpetual Preferred Stock at $25 per share.
Debt was in default; conversion includes full release of claims against the company.
Mathur, as CEO and controlling shareholder, received 243,583 shares for his $6,089,589 debt.
Two affiliates (Emblaze One, Inc. and EM1 Capital LLC) received 6,127 and 10,504 shares respectively.

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