Dov Konetz
On July 18, 2024, Dov Konetz tendered his resignation as a director of Limitless X Holdings Inc. (the “Company”), effective immediately.
Highest-materiality recent filing
Limitless X issues 550k preferred shares to CEO to settle $50k bonus
Issued 550,000 Class B Convertible Preferred shares to CEO Jaspreet Mathur to settle $50,000 bonus obligations.
Limitless X exchanges insider-held Class C preferred for Series D 15% perpetual preferred
Exchanged 304,264 Class C convertible preferred shares for 1,264,365 Series D 15% cumulative redeemable perpetual preferred shares.
Limitless X enters binding LOI to acquire 60% of Ding Easy AI for $9M in stock
Bodycor, subsidiary of Limitless X, to acquire 60% of Ding Easy AI at $15M pre-money valuation; consideration of $9M in LIMX restricted stock.
Limitless X enters lease for Manny Pacquiao center and raises $675k through convertible notes
Lease: 3,815 sq ft in LA for Manny Pacquiao training center; 5-year term starting Feb 2026; rent $14,306-$16,214/mo plus 3% annual escalations; guaranteed by Company and CEO Jas Mathur.
Limitless X names Daniel Sanders President; highlights retail and manufacturing expertise
Daniel Sanders appointed President effective Jan 4, 2026; will oversee manufacturing, supply chain, retail expansion.
Limitless X files amended certificate to reclassify Class C Preferred Stock as permanent equity
Class C Stock liquidation preference changed to only rights required by law.
Regulation A Tier 2 Offering qualified by SEC; new perpetual preferred stock (LIMXP) pays 15% annual dividend.
Limitless X enters $250K promissory note with CEO entity at 15%; issues 500K shares and warrants
Loan of $250,000 from EM1 Capital (controlled by CEO Jaspreet Mathur) at 15% fixed annual interest, due July 11, 2026.
Limitless X enters two promissory notes with CEO-controlled entity for up to $100K
Promissory Note 1: $25K principal at 15% interest ($28,750 total), due Dec 9, 2025 or upon $1M financing, proceeds for auditing fees.
Limitless X amends license with CEO-owned LPI, adds three products retroactively
Amendment adds NZT-48 Lions Mane, NZT-48 For Her, and OneShot Nootropic Pre-Workout to license agreement effective Sept 1, 2023.
Limitless X converts $6.5M debt owed to CEO into 260K Series D preferred shares
Converted $6,505,368 aggregate debt (principal + interest) owed to CEO Jaspreet Mathur and two controlled entities.
Errors in accounts receivable collectability, holdback receivables, and inventory; corrections filed in amended 10-K and 10-Q.
CEO loans $500K to Limitless X at 12.5% interest, receives common and preferred stock
Company borrows $500,000 from CEO Jaspreet Mathur at 12.5% fixed interest; total repayment $562,500.
Limitless X converts $3.375M debt to Series D Preferred; signs Pauly D endorsement for $250K/year
Debt conversion with CEO Jaspreet Mathur: $3M principal + $375K interest settled by issuing 135K shares of Series D 15% Cumulative Preferred.
Limitless X grants 475K stock options and 683K restricted shares to executives and directors
200K options to CEO Jaspreet Mathur, 75K to VP Rob Cucher, 25K to CFO Benjamin Chung, 75K to COO Danielle Young, 50K each to directors Bharat Raj Mathur and Arthur Sarkissian.
Limitless X subsidiary lends $1M secured bridge loan for film pre-production with A-list actor
Loan of $1,000,000 at 12.5% per annum, secured by copyright and screenplay in the Picture.
Limitless X enters consulting deal with CEO affiliate, designates Series D preferred stock
Entered consulting agreement with CEO-owned Limitless Performance Inc.; grant of 133,333 stock options as compensation.
Issued 1.34M common shares to five employees to settle $536K in unpaid wages for Sep–Dec 2024.
Limitless X Holdings creates Class C Convertible Preferred Stock
Company designated 5,000,000 shares of preferred stock as Class C Convertible Preferred Stock with par value $0.0001.
Limitless X enters $200K CEO note, appoints Arthur Sarkissian to board, hires consultant
CEO Jaspreet Mathur provides $200K promissory note at 12%, due June 2025 or $1M raise; receives 70K restricted shares.
Limitless X Holdings releases shareholder letter detailing expansion into new divisions and products
CEO Jas Mathur plans to reconnect with 11 million social media followers to invite them as LIMX equity holders.
CEO Jaspreet Mathur lends $145k to Limitless X Holdings via promissory note, receives 50k shares
Promissory note of $145,000 principal ($153,700 with 12% interest) from CEO/Chairman/10% holder Mathur to the company.
Filed Certificate of Amendment to Class B Convertible Preferred Stock, effective Sept 20, 2024.
Limitless X settles compensation disputes with key employees, issuing 3.2M shares
Issued aggregate of 3,202,464 shares of common stock to settle disputed unpaid wages with four employees.
Director Dov Konetz resigns from Limitless X Holdings board effective July 18, 2024
Dov Konetz resigned as director effective July 18, 2024.
Limitless X replaces BF Borgers with M&K CPAS after SEC bars former auditor
Dismissed BF Borgers CPA PC effective May 9, 2024; engaged M&K CPAS, PLLC as new auditor.
On July 18, 2024, Dov Konetz tendered his resignation as a director of Limitless X Holdings Inc. (the “Company”), effective immediately.
Max materiality 0.90 · Median 0.60 · Most common event other_material