---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-22-001379"
form_type: "8-K"
ticker: "MITI"
cik: "0000802257"
company_name: "Mitesco, Inc."
filed_at: "2022-12-05T23:59:59+00:00"
generated_at: "2026-06-21T09:55:48.528317+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Mitesco raises $205K in insider-led bridge notes convertible at 150% if Nasdaq listing achieved by May 2023

## Summary
- Issued eight promissory notes totaling $205K: $100K to Mercer Street and $15K each from CEO Diamond, directors, officers.
- Notes bear 10% interest, mature May 2023; principal converts into Series E Preferred at 150% if common stock lists on national exchange by May 10, 2023.
- Lenders receive 512,500 warrants exercisable on terms similar to Series A warrants, priced per Nasdaq offering terms.
- If listing fails, notes remain debt with 10% interest; default rate rises to 18%.
- Exchange agreements with each lender; notes cancel upon exchange for Series E Shares under Series E SPA.

## SEC filing metadata
- accession: 0001185185-22-001379
- form_type: 8-K
- ticker: MITI
- cik: 0000802257
- company_name: Mitesco, Inc.
- filed_at: 2022-12-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/802257/000118518522001379/0001185185-22-001379-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/802257/000118518522001379/mitesco20221205_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-22-001379
- JSON: https://secwatch.observer/filing/0001185185-22-001379.json
- Plain text: https://secwatch.observer/filing/0001185185-22-001379.txt

## Key facts
- Material Agreements
  Mitesco, Inc. entered into Lindstrom Promissory Note with Ingrid Jenny Lindstrom valued at Proceeds of $15,000 (effective 2022-11-29).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Ingrid Jenny Lindstrom
  - Value: Proceeds of $15,000
  - Effective: 2022-11-29
  source text: (4) Lindstrom promissory note (the “ Lindstrom Note ”) dated November 29, 2022, to Ingrid Jenny Lindstrom (“ Lindstrom ”) of which the Company received proceeds of $15,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/802257/000118518522001379/0001185185-22-001379-index.htm
- Material Agreements
  Mitesco, Inc. entered into Iturregui Promissory Note with Juan Carlos Iturregui valued at Proceeds of $15,000 (effective 2022-11-29).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Juan Carlos Iturregui
  - Value: Proceeds of $15,000
  - Effective: 2022-11-29
  source text: (5) Iturregui promissory note (the “ Iturregui Note ”) dated November 29, 2022, to Juan Carlos Iturregui (“ Iturregui ”) of which the Company received proceeds of $15,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/802257/000118518522001379/0001185185-22-001379-index.htm
- Material Agreements
  Mitesco, Inc. entered into Naqvi Promissory Note with Faraz Naqvi valued at Proceeds of $15,000 (effective 2022-11-29).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Faraz Naqvi
  - Value: Proceeds of $15,000
  - Effective: 2022-11-29
  source text: (6) Naqvi promissory note (the “ Naqvi Note ”) dated Novemebr 29, 2022, to Faraz Naqvi (“ Naqvi ”) of which the Company received proceeds of $15,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/802257/000118518522001379/0001185185-22-001379-index.htm
- Material Agreements
  Mitesco, Inc. entered into Mercer Promissory Note with Mercer Street Global Opportunity Fund, LLC valued at Proceeds of $100,000 (effective 2022-12-02).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Mercer Street Global Opportunity Fund, LLC
  - Value: Proceeds of $100,000
  - Effective: 2022-12-02
  source text: (1) Mercer promissory note (the “ Mercer Note ”) dated December 2, 2022, to Mercer Street Global Opportunity Fund, LLC (“ Mercer ”) of which the Company received proceeds of $100,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/802257/000118518522001379/0001185185-22-001379-index.htm
- Material Agreements
  Mitesco, Inc. entered into Schweitzer Promissory Note with Sheila Schweitzer valued at Proceeds of $15,000 (effective 2022-11-29).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Sheila Schweitzer
  - Value: Proceeds of $15,000
  - Effective: 2022-11-29
  source text: (7) Schweitzer promissory note (the “ Schweitzer Note ”) dated November 29, 2022, to Sheila Schweitzer (“ Schweitzer ”) of which the Company received proceeds of $15,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/802257/000118518522001379/0001185185-22-001379-index.htm
- Material Agreements
  Mitesco, Inc. entered into Brodmerkel Promissory Note with Thomas Brodmerkel valued at Proceeds of $15,000 (effective 2022-11-29).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Thomas Brodmerkel
  - Value: Proceeds of $15,000
  - Effective: 2022-11-29
  source text: (8) Brodmerkel promissory note (the “ Brodmerkel Note ”, together with the Mercer Note, Diamond Note, Howe Note, Lindstrom Note, Iturregui Note, Naqvi Note and Schweitzer Note, the “ Notes ”) dated November 29, 2022, to Thomas Brodmerkel (“ Brodmerkel ”, together with Mercer, Diamond, Howe, Lindstrom, Iturregui, Naqvi and Schweitzer, the “ Lenders ” and Brodmerkel together with Diamond, Howe, Lindstrom, Iturregui, Naqvi and Schweitzer, collectively the “Officer and Director Lenders”) of which the Company received proceeds of $15,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/802257/000118518522001379/0001185185-22-001379-index.htm
- Material Agreements
  Mitesco, Inc. entered into Howe Promissory Note with Michael C. Howe Living Trust valued at Proceeds of $15,000 (effective 2022-11-29).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Michael C. Howe Living Trust
  - Value: Proceeds of $15,000
  - Effective: 2022-11-29
  source text: (3) Howe promissory note (the “ Howe Note ”) dated November 29, 2022, to Michael C. Howe Living Trust (“ Howe ”) of which the Company received proceeds of $15,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/802257/000118518522001379/0001185185-22-001379-index.htm
- Material Agreements
  Mitesco, Inc. entered into Diamond Promissory Note with Lawrence Diamond valued at Proceeds of $15,000 (effective 2022-11-29).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Lawrence Diamond
  - Value: Proceeds of $15,000
  - Effective: 2022-11-29
  source text: (2) Diamond promissory note (the “ Diamond Note ”) dated November 29, 2022, to Lawrence Diamond (“ Diamond ”) of which the Company received proceeds of $15,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/802257/000118518522001379/0001185185-22-001379-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.