secwatch.observer — SEC 8-K summary
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Issuer:     Limitless X Holdings Inc. (LIMX)
CIK:        0001803977
Form:       8-K
Filed at:   2025-07-14T23:59:59+00:00
Accession:  0001641172-25-018854
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803977/000164117225018854/0001641172-25-018854-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803977/000164117225018854/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-018854

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