Limitless X Holdings Inc. has made notable changes in its leadership and capital structure, as detailed in a recent SEC filing. The company announced the resignation of board member Michael Braun, effective June 30, 2026. This resignation comes without any reported disagreements regarding the company's operations or policies. Additionally, the company has made amendments to its preferred stock structure, which may have significant implications for its future.
Limitless X Holdings Inc., incorporated in Delaware, operates in the services-miscellaneous amusement and recreation sector. The company trades under the ticker symbol LIMX on the OTC exchange. Recent filings indicate the company is classified as a smaller reporting company and a non-accelerated filer. Its business address is located at 9777 Wilshire Blvd., Suite 400, Beverly Hills, CA.
The recent SEC filing, accession number 0001493152-26-048160, outlines several key updates. Firstly, Michael Braun's resignation from the Board of Directors was officially announced. The company expressed gratitude for his service, noting that his departure was not due to any disagreements with the company.
Furthermore, the filing reveals that the company has amended its capital structure by reducing the number of shares designated as Class B and Class C Convertible Preferred Stock. Specifically, the Class B shares were reduced from 11 million to 1.5 million, while Class C shares decreased from 5 million to 500,000. Additionally, a new Class F Convertible Preferred Stock was designated, allowing for the issuance of up to 20 million shares.
These amendments were filed with the Secretary of State of Delaware and are effective as of October 19, 2026. The company has stated that the reductions in the number of shares affect only unissued shares and do not alter the overall authorized number of preferred shares, which remains at 30 million.
The changes in the capital structure are designed to better position Limitless X Holdings in the competitive landscape of the amusement and recreation industry. By lowering the number of preferred shares, the company aims to streamline its equity structure, potentially making it more attractive to investors.
The implications of these changes may resonate across the industry, particularly among competitors in the services-miscellaneous amusement and recreation space. Investors and stakeholders will be closely monitoring how these adjustments impact the company's performance moving forward.
As of now, the company has not appointed a new director to fill the vacancy left by Braun's resignation. The next steps regarding leadership and capital structure will likely unfold in subsequent filings or announcements.