{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-018854","form_type":"8-K","ticker":"LIMX","cik":"0001803977","company_name":"Limitless X Holdings Inc.","filed_at":"2025-07-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.046394+00:00","generated_at":"2026-05-18T06:43:32.396189+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Limitless X enters $250K promissory note with CEO entity at 15%; issues 500K shares and warrants","bullets":["Loan of $250,000 from EM1 Capital (controlled by CEO Jaspreet Mathur) at 15% fixed annual interest, due July 11, 2026.","Proceeds used for general working capital and growth initiatives; advanced between July 11 and Aug 29, 2025.","As consideration, Company issued 500,000 restricted common shares and warrants for 500,000 shares at $0.80 exercise price.","Warrants have 5-year term, cashless exercise provision, and anti-dilution protections.","Related-party transaction; exempt from registration under Section 4(a)(2) of Securities Act."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-018854","json":"https://secwatch.observer/filing/0001641172-25-018854.json","markdown":"https://secwatch.observer/filing/0001641172-25-018854.md","text":"https://secwatch.observer/filing/0001641172-25-018854.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1803977/000164117225018854/0001641172-25-018854-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1803977/000164117225018854/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T06:43:32.396189+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":"f7d4569fffaa1b2ec407ec52a52cce6684189bf6","claim":"Limitless X Holdings Inc. incurred loan of $250,000 with EM1 Capital LLC at 15% fixed per annum maturing 12 months from the Effective Date.","evidence_excerpt":"period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 1.01 Entry into a Material Agreement. $250,000 Promissory Note and Warrant Agreement Effective as of July 11, 2025 (the “Effective Date”), EM1 Capital LLC (“EM1”), an entity controlled by Jaspreet Mathur, Chief Executive","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1803977/000164117225018854/0001641172-25-018854-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$250,000"},{"label":"Counterparty","value":"EM1 Capital LLC"},{"label":"Rate","value":"15% fixed per annum"},{"label":"Maturity","value":"12 months from the Effective Date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}