Limitless X Holdings Inc. Files 8-K with Key Agreements and Officer Changes
Ticker: LIMX · Form: 8-K · Filed: Dec 31, 2024 · CIK: 1803977
Sentiment: neutral
Topics: material-agreement, financial-obligation, officer-changes
TL;DR
Limitless X Holdings (LXH) filed an 8-K detailing new debt, executive changes, and agreements. Watch for updates.
AI Summary
Limitless X Holdings Inc. filed an 8-K on December 31, 2024, reporting on several key events. These include entering into a material definitive agreement, creating a direct financial obligation, and changes in its board and officer composition, including compensatory arrangements. The company, formerly known as BIO LAB NATURALS, INC., is incorporated in Delaware and operates in the amusement and recreation sector.
Why It Matters
This filing indicates significant corporate actions, including new financial obligations and potential changes in leadership or compensation, which could impact the company's future operations and shareholder value.
Risk Assessment
Risk Level: medium — The filing involves material definitive agreements and financial obligations, which carry inherent risks related to execution and financial performance.
Key Players & Entities
- Limitless X Holdings Inc. (company) — Registrant
- BIO LAB NATURALS, INC. (company) — Former company name
- December 31, 2024 (date) — Date of Report
FAQ
What is the nature of the material definitive agreement entered into by Limitless X Holdings Inc.?
The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the provided text.
What type of direct financial obligation was created by Limitless X Holdings Inc.?
The filing states the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific terms and amount are not detailed in the provided text.
What specific changes occurred regarding directors or officers?
The filing reports on the departure of directors or certain officers, the election of directors, and the appointment of certain officers, as well as compensatory arrangements for certain officers, but the names and specifics are not in the provided text.
When was Limitless X Holdings Inc. formerly known as BIO LAB NATURALS, INC. and when did the name change occur?
Limitless X Holdings Inc. was formerly known as BIO LAB NATURALS, INC., and the date of the name change was February 19, 2020.
What is the primary business of Limitless X Holdings Inc. according to its SIC code?
Limitless X Holdings Inc.'s Standard Industrial Classification (SIC) code is 7990, which falls under SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION.
Filing Stats: 1,457 words · 6 min read · ~5 pages · Grade level 11.6 · Accepted 2024-12-31 16:30:35
Key Financial Figures
- $200,000.00 — he "Promissory Note"), in the amount of $200,000.00 plus accrued interest at the agreed upo
- $212,000.00 — of 12% fixed equaling the total sum of $212,000.00 (the "Full Balance"). The Company will
- $1 million — the Company secures funding of at least $1 million in an offering, whichever comes first (
- $900 million — n dollars. His biggest hits include the $900 million Rush Hour franchise, While You Were Sle
- $1,000,000 — of the Company's common stock equal to $1,000,000 payable over the 3-year term of the Con
- $166,666.66 — on a semi-annual basis in the amount of $166,666.66 every six months. Effective as of Decem
Filing Documents
- form8-k.htm (8-K) — 46KB
- ex10-1.htm (EX-10.1) — 24KB
- ex10-2.htm (EX-10.2) — 60KB
- ex10-2_001.jpg (GRAPHIC) — 5KB
- ex10-2_002.jpg (GRAPHIC) — 4KB
- 0001493152-24-052726.txt ( ) — 333KB
- limx-20241231.xsd (EX-101.SCH) — 3KB
- limx-20241231_lab.xml (EX-101.LAB) — 33KB
- limx-20241231_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LIMITLESS X HOLDINGS INC. Date: December 31, 2024 By: /s/ Jaspreet Mathur Name: Jaspreet Mathur Title: Chief Executive Officer