---
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"
generated_at: "2026-05-18T06:43:32.396189+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Limitless X enters $250K promissory note with CEO entity at 15%; issues 500K shares and warrants

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-018854
- JSON: https://secwatch.observer/filing/0001641172-25-018854.json
- Plain text: https://secwatch.observer/filing/0001641172-25-018854.txt

## Key facts
- Debt Financings
  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.
  - Instrument: loan
  - Principal: $250,000
  - Counterparty: EM1 Capital LLC
  - Rate: 15% fixed per annum
  - Maturity: 12 months from the Effective Date
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1803977/000164117225018854/0001641172-25-018854-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.