Limitless X proposes $75M offering at $1.25
The stated total commission is 7% of gross proceeds; sales commissions are listed at $5,250,000.00.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Limitless X Holdings Inc. lists a Regulation A offering of 60,000,000 securities at $1.2500 per security, with $75,000,000.00 attributable to securities offered on the issuer’s behalf and $0.00 attributable to selling securityholders. Estimated net proceeds to the issuer are $69,430,000.00.
The financial information lists total assets of $1,722,397.00, total liabilities of $7,823,710.00, total stockholders’ equity of -$9,219,266.00, and net income of -$31,754,996.00.
Filing Explained
Completed issuances include one million forty-six thousand eight hundred thirty-six shares for unpaid wages and two hundred fifty thousand bonus shares.
The amendment reports completed issuance of common shares for services, unpaid wages and a bonus; those issued shares increase the share count and reduce existing holders’ percentage ownership, absent offsetting changes.
The itemized common-share entries include 1,046,836 shares for unpaid wages and 250,000 bonus shares, alongside consulting-service issuances of 6,750, 86,805, 181,661 and 34,649 shares. Separately, the filing reports 181,661 Preferred B shares issued as executive compensation and 1,264,365 Preferred D shares issued in conversion of 304,264 Preferred C shares; these entries identify preferred securities rather than common shares.
Key Figures
Key Terms
REGULATION A regulatory
aggregate offering price financial
Selling Agent financial
selected dealer financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many securities is LIMX offering, and at what price?
Who are the LIMX offering’s selling agent and selected dealer?
AI-generated analysis. How Rhea-AI works. Not financial advice.