Mitesco engages Spartan Capital as exclusive financial advisor; to issue 150k restricted shares

Mitesco, Inc.

Spartan to provide general financial advisory services including strategic planning and capital raising.
Compensation: 150,000 restricted common shares upfront, plus 50,000 additional upon raising at least $2M.
Cash fee of 8% on capital raised; 12-month right of first refusal on future equity offerings.
Shares issued under Section 4(a)(2) exemption; carry piggyback registration rights.

item 1.01 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.4

Mitesco, Inc. entered into Agreement with Spartan Capital Securities LLC (effective 2023-01-12).

Action: entry
Counterparty: Spartan Capital Securities LLC
Effective: 2023-01-12

Exact text from the filing

Mitesco, Inc., a Delaware corporation (the “Company”) and Spartan Capital Securities LLC (“Spartan”) entered into an advisory agreement (the “Agreement”) dated January 12, 2023

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Mitesco, Inc. filing history →

Source: SEC EDGAR

accession 0001185185-23-000044

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