Corporate ActionJun 5, 2026, 09:22 AM
Limitless X Issues 1.05M Shares to Officers for $1.27M Accrued Comp
AI Summary
Limitless X Holdings Inc. issued an aggregate of 1,046,834 shares of its common stock to its executive officers. This issuance was in consideration for $1,266,669.14 in accrued compensation for services rendered from January 1, 2025, through September 30, 2025. The shares were valued at $1.21 per share and were issued as restricted securities, exempt from registration under Section 4(a)(2) of the Securities Act.
Key Highlights
- Limitless X issued 1,046,834 common shares to executive officers.
- Shares were issued for $1,266,669.14 in accrued compensation.
- The issuance price was $1.21 per share, effective September 30, 2025.
- CEO Jaspreet Mathur received 654,270 shares ($791,666.70).
- VP of Legal Affairs Rob Cucher received 163,567 shares ($197,916.07).
- COO Danielle Young received 130,857 shares ($158,336.97).
- CFO Benjamin Chung received 98,140 shares ($118,749.40).
- The shares are restricted securities and exempt from registration.
Price Impact
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