Limitless X Holdings Inc. 8-K/A

What Happened
Limitless X Holdings Inc. (LIMX) announced in an 8-K that, effective September 30, 2025, its board issued an aggregate of 1,046,834 shares of common stock to four executive officers in lieu of cash for accrued compensation covering services from January 1, 2025 through September 30, 2025. The shares were valued at $1.21 per share, representing total accrued compensation of $1,266,669.14. The recipients include CEO Jaspreet Mathur and CFO Benjamin Chung, among others.

Key Details

• Total shares issued: 1,046,834 common shares.
• Price used: $1.21 per share; total value: $1,266,669.14.
• Recipients and amounts: Jaspreet Mathur (CEO) 654,270 shares / $791,666.70; Rob Cucher (VP Legal) 163,567 shares / $197,916.07; Danielle Young (COO) 130,857 shares / $158,336.97; Benjamin Chung (CFO) 98,140 shares / $118,749.40.
• Effective date: September 30, 2025. Shares are “restricted securities” under Rule 144 and were issued exempt from registration under Section 4(a)(2) of the Securities Act.

Why It Matters
This issuance converts accrued executive compensation into equity rather than cash, preserving company cash while increasing the number of outstanding shares, which can dilute existing shareholders. The shares are restricted and were issued in a private, officer-only transaction under an exemption, so recipients cannot freely resell them immediately. Investors should note the names and titles of the executives involved (including the CEO and CFO) and consider the potential impact of additional insider-held shares on share count and future liquidity.