Recently, Limitless X Inc. has announced the finalization of its share exchange plans with Bio Lab Naturals Inc. (OTC: BLAB), a holding company that specializes in nutraceutical companies. The creative agency has been at the center of many industry-leading products in the dietary and CBD supplement industry and is now a wholly-owned company, effective May 20, 2022. The share exchange also makes Limitless X the principal operating subsidiary of Bio Lab Naturals Inc.
The share exchange places Limitless X’s equity holders as owners of common stock equivalent to Bio Lab Naturals Inc. These stocks were acquired fully diluted in exchange for all of Limitless X’s shares. Jas Mathur, the founder and principal shareholder of Limitless X, also bought 500,000 shares of Bio Lab Naturals Inc.’s Class A Preferred Super Majority Voting Convertible Stock from Helion Holdings Inc., making him the holder of votes equivalent to 60% of all the issued outstanding shares of common stock of the company.
Founded in September of 2021 as a Nevada corporation, Limitless X is now in charge of carrying out the day-to-day operations of Bio Lab Naturals. When it comes to running Prime Time Live, Inc. in Denver (which provides high-definition mobile LED screens for corporate, entertainment and sporting events), this puts Limitless X in the driver’s seat to operate the company.
Bio Lab Naturals Inc. intends to alter its name and ticker symbol in the coming weeks.
In the words of Jas Mathur, Limitless X’s founder and CEO, addressing the share exchange, “Today marks an important milestone for Limitless X. Our mission is to launch products and services that make people look good and feel great. Operating as a public company, we can now increase our visibility and exposure within the capital markets, expand our brand recognition and provide our market opportunity to a wider investor audience. I look forward to this next step, of entering the public markets and turning Limitless X into a rapidly growing successful enterprise and a globally recognized household brand.”
Limitless X’s success can be attributed to Jax Mathur’s experience as a seasoned entrepreneur and venture capitalist. He has been at the forefront of the business world with a direct-to-consumer approach, memorable brands and exceptional products. The company also boasts a wide-ranging celebrity network, including actors, singers, sports, and more. Bio Lab Naturals Inc. has announced its intention to extend its worldwide eco-system while delivering unique products and service-oriented businesses in the beauty & skincare, health & wellness, and CBD niches with its recent announcement.
About Jas Mathur
Jas Mathur is a known entrepreneur in the health and fitness world who started his journey by creating and developing high-traffic wrestling news websites. He’s the founder of Limitless XX and an accomplished venture capitalist and investor who has built numerous brands in the health, wellness and marketing niches. Limitless X has helped many brands in the dietary and supplement sectors achieve success. His social media page on Instagram, with 7 million followers, lends credence to his level of impact.
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