Mitesco sells The Good Clinic assets to former CEO for ~$2.5M debt cancellation; director resigns

Mitesco, Inc.

Sold remaining assets of The Good Clinic LLC to Leading Primary Care LLC (formed by former CEO Michael Howe) in exchange for cancelling ~$2.5M in notes payable and accrued interest.
Company expects to recognize a gain of approximately $2.5M on the transaction, but significant liabilities remain in The Good Clinic LLC.
Michael Howe exchanged 500K Series D preferred shares (~$0.5M stated value) plus accrued dividends and salary for 655 shares of Series F Preferred (liquidation value ~$0.6M).
Director Allen Plunk resigned on December 12, 2023; the resignation was not due to any disagreement with the company but personal matters.

item 1.01 item 5.02 item 9.01

Executive movements

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Departed

Allen Plunk

Director

MITI · Mitesco, Inc.

Effective: 2023-12-12
Filed: December 13, 2023, 6:59 PM ET

On December 12, 2023, Mr. Allen Plunk resigned from his position as a director.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Allen Plunk resigned as Director at Mitesco, Inc..

Action: resigned
Role: Director

Exact text from the filing

On December 12, 2023, Mr. Allen Plunk resigned from his position as a director.

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Mitesco, Inc. filing history →

Source: SEC EDGAR

accession 0001185185-23-001292

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