secwatch.observer — SEC 8-K summary
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Issuer:     Limitless X Holdings Inc. (LIMX)
CIK:        0001803977
Form:       8-K
Filed at:   2025-04-16T23:59:59+00:00
Accession:  0001641172-25-005022
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803977/000164117225005022/0001641172-25-005022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803977/000164117225005022/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-005022

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer