04/15/2025 | Press release | Distributed by Public on 04/15/2025 11:37
FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Mathur Jaspreet 9777 WILSHIRE BLVD., #400 BEVERLY HILLS, CA 90212 |
X | X | Chief Executive Officer |
/s/ Jaspreet Mathur | 04/15/2025 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | On April 14, 2025, Limitless X Holdings, Inc. (the "Issuer") and Jaspreet Mathur (the "Reporting Person") entered into a Debt Conversion Agreement, pursuant to which the Issuer and the Reporting Person agreed to convert $6,089,589 owed to the Reporting Person by the Issuer into 243,583 shares of the Issuer's Series D 15% Cumulative Redeemable Perpetual Preferred Stock ("Series D Preferred Stock"), based on a conversion price of $25 per share. |
(2) | On April 14, 2025, the Issuer and EM1 Capital LLC entered into a Debt Conversion Agreement, pursuant to which the Issuer and EM1 Capital LLC agreed to convert $262,600 owed to EM1 Capital LLC by the Issuer into 10,504 shares of the Issuer's Series D Preferred Stock, based on a conversion price of $25 per share. |
(3) | The Reporting Person is the Managing Member of EM1 Capital LLC. |
(4) | On April 14, 2025, the Issuer and Emblaze One, Inc. entered into a Debt Conversion Agreement, pursuant to which the Issuer and Emblaze One, Inc. agreed to convert $153,179 owed to Emblaze One, Inc. by the Issuer into 6,127 shares of the Issuer's Series D Preferred Stock, based on a conversion price of $25 per share. |
(5) | The Reporting Person is the Chief Executive Officer of Emblaze One, Inc. |