secwatch.observer — SEC 8-K summary
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Issuer:     Limitless X Holdings Inc. (LIMX)
CIK:        0001803977
Form:       8-K
Filed at:   2025-06-13T23:59:59+00:00
Accession:  0001641172-25-015047
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Limitless X enters two promissory notes with CEO-controlled entity for up to $100K
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803977/000164117225015047/0001641172-25-015047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803977/000164117225015047/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-015047

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