schemaVersion:

1-A: Filer Information

Issuer CIK
0001803977 
Issuer CCC
XXXXXXXX 
DOS File Number
 
Offering File Number
024-12574 
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Would you like a Return Copy? Checkbox checked
Notify via Filing Website only? Checkbox not checked
Since Last Filing? Checkbox not checked

Submission Contact Information

Name
 
Phone
 
E-Mail Address
 

1-A: Item 1. Issuer Information

Issuer Infomation

Exact name of issuer as specified in the issuer's charter

Limitless X Holdings Inc. 

Jurisdiction of Incorporation / Organization

DELAWARE  

Year of Incorporation

2010 

CIK

0001803977 

Primary Standard Industrial Classification Code

SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION 

I.R.S. Employer Identification Number

81-1034163 

Total number of full-time employees

9 

Total number of part-time employees

0 

Contact Infomation

Address of Principal Executive Offices

Address 1

9777 Wilshire Blvd. 

Address 2

#400 

City

Beverly Hills 

State/Country

CALIFORNIA  

Mailing Zip/ Postal Code

90210 

Phone

855-413-7030 

Provide the following information for the person the Securities and Exchange Commission's staff should call in connection with any pre-qualification review of the offering statement.

Name

Jaspreet Mathur 

Address 1

 

Address 2

 

City

 

State/Country

 

Mailing Zip/ Postal Code

 

Phone

 

Provide up to two e-mail addresses to which the Securities and Exchange Commission's staff may send any comment letters relating to the offering statement. After qualification of the offering statement, such e-mail addresses are not required to remain active.

Financial Statements

Use the financial statements for the most recent period contained in this offering statement to provide the following information about the issuer. The following table does not include all of the line items from the financial statements. Long Term Debt would include notes payable, bonds, mortgages, and similar obligations. To determine "Total Revenues" for all companies selecting "Other" for their industry group, refer to Article 5-03(b)(1) of Regulation S-X. For companies selecting "Insurance", refer to Article 7-04 of Regulation S-X for calculation of "Total Revenues" and paragraphs 5 and 7 of Article 7-04 for "Costs and Expenses Applicable to Revenues".

Industry Group (select one) Radio button not checked Banking Radio button not checked Insurance Radio button checked Other

Balance Sheet Information

Cash and Cash Equivalents

$ 39491.00 

Investment Securities
$ 0.00 
Total Investments

$  

Accounts and Notes Receivable

$ 0.00 

Loans

$  

Property, Plant and Equipment (PP&E):

$ 900.00 

Property and Equipment

$  

Total Assets

$ 201918.00 

Accounts Payable and Accrued Liabilities

$ 0.00 

Policy Liabilities and Accruals

$  

Deposits

$  

Long Term Debt

$ 0.00 

Total Liabilities

$ 4205617.00 

Total Stockholders' Equity

$ -38793552.00 

Total Liabilities and Equity

$ 201918.00 

Statement of Comprehensive Income Information

Total Revenues

$ 251936.00 

Total Interest Income

$  

Costs and Expenses Applicable to Revenues

$ 117194.00 

Total Interest Expenses

$  

Depreciation and Amortization

$ 80.00 

Net Income

$ 0.00 

Earnings Per Share - Basic

$ -2.68 

Earnings Per Share - Diluted

$ -2.68 

Name of Auditor (if any)

M&K CPAS, PLLC 

Outstanding Securities

Common Equity

Name of Class (if any) Common Equity

Common Stock 

Common Equity Units Outstanding

57527883 

Common Equity CUSIP (if any):

75955K300 

Common Equity Units Name of Trading Center or Quotation Medium (if any)

OTCQB 

Preferred Equity

Preferred Equity Name of Class (if any)

Class A Convertible Preferred 

Preferred Equity Units Outstanding

500000 

Preferred Equity CUSIP (if any)

000000000 

Preferred Equity Name of Trading Center or Quotation Medium (if any)

None 

Preferred Equity

Preferred Equity Name of Class (if any)

Class B Convertible Preferred 

Preferred Equity Units Outstanding

531356 

Preferred Equity CUSIP (if any)

000000000 

Preferred Equity Name of Trading Center or Quotation Medium (if any)

None 

Preferred Equity

Preferred Equity Name of Class (if any)

Class C Convertible Preferred 

Preferred Equity Units Outstanding

320094 

Preferred Equity CUSIP (if any)

000000000 

Preferred Equity Name of Trading Center or Quotation Medium (if any)

None 

Preferred Equity

Preferred Equity Name of Class (if any)

Series D Preferred Stock 

Preferred Equity Units Outstanding

145000 

Preferred Equity CUSIP (if any)

000000000 

Preferred Equity Name of Trading Center or Quotation Medium (if any)

None 

Debt Securities

Debt Securities Name of Class (if any)

None 

Debt Securities Units Outstanding

0 

Debt Securities CUSIP (if any):

000000000 

Debt Securities Name of Trading Center or Quotation Medium (if any)

None 

1-A: Item 2. Issuer Eligibility

Issuer Eligibility

Check this box to certify that all of the following statements are true for the issuer(s)

Checkbox checked

1-A: Item 3. Application of Rule 262

Application Rule 262

Check this box to certify that, as of the time of this filing, each person described in Rule 262 of Regulation A is either not disqualified under that rule or is disqualified but has received a waiver of such disqualification.

Checkbox checked

Check this box if "bad actor" disclosure under Rule 262(d) is provided in Part II of the offering statement.

Checkbox not checked

1-A: Item 4. Summary Information Regarding the Offering and Other Current or Proposed Offerings

Summary Infomation

Check the appropriate box to indicate whether you are conducting a Tier 1 or Tier 2 offering Radio button not checked Tier1 Radio button checked Tier2
Check the appropriate box to indicate whether the financial statements have been audited Radio button not checked Unaudited Radio button checked Audited
Types of Securities Offered in this Offering Statement (select all that apply)
Checkbox checkedEquity (common or preferred stock) 

The information called for by this item below may be omitted if undetermined at the time of filing or submission, except that if a price range has been included in the offering statement, the midpoint of that range must be used to respond. Please refer to Rule 251(a) for the definition of "aggregate offering price" or "aggregate sales" as used in this item. Please leave the field blank if undetermined at this time and include a zero if a particular item is not applicable to the offering.

Price per security
$ 25.0000 
The portion of the aggregate offering price attributable to securities being offered on behalf of the issuer
$ 75000000.00 
The portion of the aggregate offering price attributable to securities being offered on behalf of selling securityholders
$ 0.00 
The portion of the aggregate offering price attributable to all the securities of the issuer sold pursuant to a qualified offering statement within the 12 months before the qualification of this offering statement
$ 0.00 
The estimated portion of aggregate sales attributable to securities that may be sold pursuant to any other qualified offering statement concurrently with securities being sold under this offering statement
$ 0.00 
Total (the sum of the aggregate offering price and aggregate sales in the four preceding paragraphs)
$ 75000000.00 

Anticipated fees in connection with this offering and names of service providers

Underwriters - Name of Service Provider
N/A
Underwriters - Fees
$ 0.00 
Sales Commissions - Name of Service Provider
Registered Brokers
Sales Commissions - Fee
$ 5250000.00 
Finders' Fees - Name of Service Provider
N/A
Finders' Fees - Fees
$ 0.00 
Accounting or Audit - Name of Service Provider
M&K CPAS, PLLC
Accounting or Audit - Fees
$ 50000.00 
Legal - Name of Service Provider
Fox Rothschild LLP
Legal - Fees
$ 50000.00 
Promoters - Name of Service Provider
N/A
Promoters - Fees
$ 0.00 
Blue Sky Compliance - Name of Service Provider
Fox Rothschild LLP
Blue Sky Compliance - Fees
$ 10000.00 
CRD Number of any broker or dealer listed:
 
Estimated net proceeds to the issuer
$  
Clarification of responses (if necessary)
We expect to engage registered broker-dealers to sell our shares and will pay a 7% commission on these sales.
 

1-A: Item 5. Jurisdictions in Which Securities are to be Offered

Jurisdictions in Which Securities are to be Offered

Using the list below, select the jurisdictions in which the issuer intends to offer the securities

Selected States and Jurisdictions

ALABAMA
ALASKA
ARIZONA
ARKANSAS
CALIFORNIA
COLORADO
CONNECTICUT
DELAWARE
FLORIDA
GEORGIA
HAWAII
IDAHO
ILLINOIS
INDIANA
IOWA
KANSAS
KENTUCKY
LOUISIANA
MAINE
MARYLAND
MASSACHUSETTS
MICHIGAN
MINNESOTA
MISSISSIPPI
MISSOURI
MONTANA
NEBRASKA
NEVADA
NEW HAMPSHIRE
NEW JERSEY
NEW MEXICO
NEW YORK
NORTH CAROLINA
NORTH DAKOTA
OHIO
OKLAHOMA
OREGON
PENNSYLVANIA
RHODE ISLAND
SOUTH CAROLINA
SOUTH DAKOTA
TENNESSEE
TEXAS
UTAH
VERMONT
VIRGINIA
WASHINGTON
WEST VIRGINIA
WISCONSIN
WYOMING
DISTRICT OF COLUMBIA
PUERTO RICO

Using the list below, select the jurisdictions in which the securities are to be offered by underwriters, dealers or sales persons or check the appropriate box

None Checkbox not checked
Same as the jurisdictions in which the issuer intends to offer the securities Checkbox checked
Selected States and Jurisdictions

ALABAMA
ALASKA
ARIZONA
ARKANSAS
CALIFORNIA
COLORADO
CONNECTICUT
DELAWARE
FLORIDA
GEORGIA
HAWAII
IDAHO
ILLINOIS
INDIANA
IOWA
KANSAS
KENTUCKY
LOUISIANA
MAINE
MARYLAND
MASSACHUSETTS
MICHIGAN
MINNESOTA
MISSISSIPPI
MISSOURI
MONTANA
NEBRASKA
NEVADA
NEW HAMPSHIRE
NEW JERSEY
NEW MEXICO
NEW YORK
NORTH CAROLINA
NORTH DAKOTA
OHIO
OKLAHOMA
OREGON
PENNSYLVANIA
RHODE ISLAND
SOUTH CAROLINA
SOUTH DAKOTA
TENNESSEE
TEXAS
UTAH
VERMONT
VIRGINIA
WASHINGTON
WEST VIRGINIA
WISCONSIN
WYOMING
DISTRICT OF COLUMBIA
PUERTO RICO

1-A: Item 6. Unregistered Securities Issued or Sold Within One Year

Unregistered Securities Issued or Sold Within One Year

None Checkbox not checked

Unregistered Securities Issued

As to any unregistered securities issued by the issuer of any of its predecessors or affiliated issuers within one year before the filing of this Form 1-A, state:

(a)Name of such issuer
Limitless X Holdings Inc. 
(b)(1) Title of securities issued
(1) Common Stock; (2) Class C Convertible Preferred Stock (Class C Stock) and (3) Series D 15 percentage Cumulative Redeemable Perpetual Preferred Stock (Series D Preferred Stock)
 
(2) Total Amount of such securities issued
12273330
(3) Amount of such securities sold by or for the account of any person who at the time was a director, officer, promoter or principal securityholder of the issuer of such securities, or was an underwriter of any securities of such issuer.
0 
(c)(1) Aggregate consideration for which the securities were issued and basis for computing the amount thereof.
Extinguish $3,618,079 debt by issuance of 4,543,062 Common Stock to officers and employees for unpaid wages, valued between $0.40 and $1.00 per share, based on average stock price during accrual period. Extinguish debts of $1,527,883 by issuance of 1,527,885 Common Stock valued at $1.00 per share to two vendors. 200,000 Common Stock valued at $1.00 per share to consultant. 100,000 Common Stock to vendor valued at $0.67 per share based on 30-day volume-weighted average price. 833,333 restricted stock awards under 2022 Restricted Stock Plan to officers and employees. Issuance under 2022 Stock Option Plan of 708,333 Common Stock options to officers, directors, employees, and consultants for services. 2,045,000 Common Stock to directors for services rendered at rate of $5,000 per month. 508,334 common stock to consultants for services rendered, based on market price on grant date varying from $.49 to $.82 per share. 50,000 Common Stock issued in consideration of $145,000 Note. Issuance of 70,000 Common Stock in consideration of $200,000 Note. 311,100 shares issued upon conversion of Class B Shares into Common Stock (conversion rate of $.0767 per share). Extinguish $7.9 million debt for issuance of 320,094 Class C shares to 4 vendors. Each Class C share was priced at 12.5% of the total amount of debt. Extinguish $3,375,000 debt pursuant to issuance of 135,000 Series D Preferred Stock valued at $25 per share to 1 creditor. 70,423 Common Stock shares based on the 30-day volume weighted average price to consultant as partial payment ($50,000) for services. 225,000 Common Stock and 10,000 Series D Preferred Stock issued in consideration of $500,000 Note. Extinguish $6,505,368 debt via issuance of 260,214 Series D Preferred Stock valued at $25 per share to 3 vendors. 355,552 shares of Common Stock ($1 per share) issued to consultant. 20,000 Common Stock in consideration of Notes totaling $100,000. 500,000 Common Stock and 500,000 warrants in consideration for $250,000 Note.
 
(2) Aggregate consideration for which the securities listed in (b)(3) of this item (if any) were issued and the basis for computing the amount thereof (if different from the basis described in (c)(1)).
 

Unregistered Securities Act

(d) Indicate the section of the Securities Act or Commission rule or regulation relied upon for exemption from the registration requirements of such Act and state briefly the facts relied upon for such exemption
Section 4(a)(2) under the Securities Act of 1933, as amended. Each investor is an accredited investor or sophisticated investor, acquired the securities for their own account for investment purposes and a Rule 144 legend was placed on each security.