Form 4: Limitless X Holdings CEO Jaspreet Mathur Acquires Shares and Preferred Stock

Jaspreet Mathur, CEO of Limitless X Holdings, reports acquisition of common stock and preferred stock related to a promissory note.

Summary

• On April 7, 2025, Jaspreet Mathur, the CEO of Limitless X Holdings Inc., acquired 225,000 shares of common stock and 10,000 shares of Series D 15% Cumulative Redeemable Perpetual Preferred Stock.
• The acquisition was related to a promissory note dated March 21, 2025, between Mathur and Limitless X Holdings.
• Following the transaction, Mathur directly owns 5,907,264 shares of common stock and 10,000 shares of the preferred stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a standard SEC filing reporting insider transactions. The acquisition of shares could be seen as positive, but the $0 price raises questions.

Positives

• The CEO's increased stake in the company could signal confidence in Limitless X Holdings' future prospects.

Risks

• The acquisition of shares at $0 could indicate a complex financial arrangement that warrants further investigation.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings to gauge management's sentiment about the company's prospects.

Related Party Transactions

• The issuance of common stock and preferred stock to the CEO, Jaspreet Mathur, in connection with a promissory note constitutes a related party transaction.

Stakeholder Impact

• The transaction could influence shareholder perception of the company's financial health and management's confidence.

Key Dates

Keywords

Limitless X Holdings, Jaspreet Mathur, common stock, preferred stock, promissory note, SEC Form 4, beneficial ownership