{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-015047","form_type":"8-K","ticker":"LIMX","cik":"0001803977","company_name":"Limitless X Holdings Inc.","filed_at":"2025-06-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.784872+00:00","generated_at":"2026-05-19T08:50:25.789900+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Limitless X enters two promissory notes with CEO-controlled entity for up to $100K","bullets":["Promissory Note 1: $25K principal at 15% interest ($28,750 total), due Dec 9, 2025 or upon $1M financing, proceeds for auditing fees.","Promissory Note 2: $75K principal at 15% interest ($86,250 total), due Dec 11, 2025 or upon $1M financing; includes 15,000 shares of common stock as additional consideration.","Only $20,000 advanced on Note 2 as of June 13, 2025; remaining $55,000 to be funded by June 23, 2025.","Both notes from EM1 Capital LLC, controlled by CEO Jaspreet Mathur, making them related-party transactions."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-015047","json":"https://secwatch.observer/filing/0001641172-25-015047.json","markdown":"https://secwatch.observer/filing/0001641172-25-015047.md","text":"https://secwatch.observer/filing/0001641172-25-015047.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1803977/000164117225015047/0001641172-25-015047-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1803977/000164117225015047/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T08:50:25.789900+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":[{"claim_id":"217ab3304eccaf7f233789440959912a3ac7db49","claim":"Limitless X Holdings Inc. incurred loan of $25,000.00 with EM1 Capital LLC at 15% fixed maturing (i) December 9, 2025 or (ii) the date on which the Company secures funding of at least $1 million in an offering, whichever comes first.","evidence_excerpt":"$25,000 Promissory Note and Amendment Effective as of June 9, 2025, EM1 Capital LLC (“EM1”), an entity controlled by Jaspreet Mathur, Chief Executive Officer, Chairman, and a greater than 10% shareholder in Limitless X Holdings Inc. (the “Company”), entered into a promissory note with the Company (together with the Amendment (as defined herein) “Promissory Note 1”) in the amount of $25,000.00 plus accrued interest at the agreed upon rate of 15% fixed equaling the total sum of $28,750 (the “P1 Full Balance”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1803977/000164117225015047/0001641172-25-015047-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$25,000.00"},{"label":"Counterparty","value":"EM1 Capital LLC"},{"label":"Rate","value":"15% fixed"},{"label":"Maturity","value":"(i) December 9, 2025 or (ii) the date on which the Company secures funding of at least $1 million in an offering, whichever comes first"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"872c97dd8dcb0d4baa96c05d42b5adc34fde0ba7","claim":"Limitless X Holdings Inc. incurred loan of $75,000.00 with EM1 Capital LLC at 15% fixed maturing (i) December 11, 2025 or (ii) the date on which the Company secures funding of at least $1 million in an offering, whichever comes first.","evidence_excerpt":"Effective as of June 11, 2025 (“Effective Date”), EM1 entered into a promissory note with the Company (“Promissory Note 2”) in the amount of $75,000.00 plus accrued interest at the agreed upon rate of 15% fixed equaling the total sum of $86,250 (the “P2 Full Balance”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1803977/000164117225015047/0001641172-25-015047-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$75,000.00"},{"label":"Counterparty","value":"EM1 Capital LLC"},{"label":"Rate","value":"15% fixed"},{"label":"Maturity","value":"(i) December 11, 2025 or (ii) the date on which the Company secures funding of at least $1 million in an offering, whichever comes first"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"99081a25ae10055bdc72671be7348e0f9fab1f6d","claim":"Limitless X Holdings Inc. amended loan with EM1 Capital LLC.","evidence_excerpt":"Effective June 12, 2025, the Company and EM1 entered into a First Amendment to Promissory Note (the “Amendment”). The effect of the Amendment served to change the governing law provision of Promissory Note 1 from California to Delaware.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1803977/000164117225015047/0001641172-25-015047-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Counterparty","value":"EM1 Capital LLC"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}