Mitesco, Inc. (MITI): auditor change — Mitesco enters $150k debt with 3 lenders for compliance; replaces auditor RBSM with Accell

Mitesco, Inc.

Signed promissory notes with Cavalry Fund, AJB, and Mercer Street Capital for $50,000 each, 12-month term, 10% interest.
Proceeds earmarked for SEC reporting, audit, legal, and accounting compliance costs.
Dismissed RBSM LLP as auditor on Feb 27, 2024; engaged Accell Audit & Compliance for FY 2023.
RBSM reports had a going-concern explanatory paragraph; no disagreements cited.
Board created an advisory board; non-executive members receive $60,000/year via restricted stock.

item 1.01 item 4.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Mitesco, Inc. dismissed RBSM LLP as its auditor.

Action: dismissal
Auditor: RBSM LLP
Successor: Accell Audit & Compliance, P.A.

Exact text from the filing

On February 27, 2024, Mitesco, Inc. (the "Company") decided to change its independent registered public accountants, and accordingly dismissed RBSM LLP.

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Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Mitesco, Inc. engaged Accell Audit & Compliance, P.A. as its auditor.

Action: engagement
Auditor: Accell Audit & Compliance, P.A.

Exact text from the filing

On February 27, 2024, the Board of Directors approved the engagement of Accell Audit & Compliance, P.A. ("Accell") as the Company's independent registered public accounting firm for the year ending December 31, 2023

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.7

Mitesco, Inc. entered into a notes offering with Cavalry Fund, AJB and Mercer Street Capital valued at $50,000 of proceeds each.

Action: entry
Agreement: notes offering
Counterparty: Cavalry Fund, AJB and Mercer Street Capital
Value: $50,000 of proceeds each

Exact text from the filing

the Company entered into a lending agreements with each of three (3) of its historical institutional investors, Cavalry Fund, AJB and Mercer Street Capital (“the Lenders”). The notes provide $50,000 of proceeds each

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52 auditor changes filed in the last 30 days. Browse all auditor changes →

Mitesco, Inc. filing history →

Source: SEC EDGAR

accession 0001185185-24-000202

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