Limitless X Holdings announces board resignation and amends preferred stock classes

Limitless X Holdings Inc. (OTC:LIMX) reported several corporate actions in a press release statement filed with the Securities and Exchange Commission.

On June 3, 2026, Michael Braun notified the board of directors of his decision to resign as a director, effective June 30, 2026. The company stated that Mr. Braun’s resignation was not due to any disagreement with the company regarding its operations, policies, or practices. As of the filing date, the board has not appointed a replacement for the vacancy.

The company also announced amendments to its articles of incorporation relating to its preferred stock. On October 19, 2026, Limitless X Holdings filed a Certificate of Amendment with the Delaware Secretary of State to decrease the number of shares designated as Class B Convertible Preferred Stock from 11,000,000 to 1,500,000. On October 20, 2026, the company filed a Certificate of Amendment to decrease the number of shares designated as Class C Convertible Preferred Stock from 5,000,000 to 500,000. Additionally, on the same day, the company designated 20,000,000 shares as Class F Convertible Preferred Stock.

Following these amendments, the company’s preferred stock designations are as follows: 500,000 shares of Class A Convertible Preferred Stock, 1,500,000 shares of Class B Convertible Preferred Stock, 500,000 shares of Class C Convertible Preferred Stock, 5,000,000 shares of Series D 15% Cumulative Redeemable Perpetual Preferred Stock, and 20,000,000 shares of Class F Convertible Preferred Stock. The total authorized preferred stock remains at 30,000,000 shares, with 2,500,000 shares remaining undesignated. The amendments did not affect any outstanding shares.

The newly designated Class F Preferred Stock will be issuable as part of the company’s Regulation A offering of up to 20,000,000 units at $1.25 per unit. Each share of Class F Preferred Stock carries a liquidation preference of $1.25 per share, has no dividend rights, and is convertible into one share of common stock at the holder’s option. The company may require conversion under certain conditions and may redeem the shares at $1.25 per share beginning five years after issuance. The Class F Preferred Stock has no voting rights except as required by law and is subject to a 19.99% beneficial ownership limitation on conversion.

This information is based on a press release statement filed with the SEC.