---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-24-000202"
form_type: "8-K"
ticker: "MITI"
cik: "0000802257"
company_name: "Mitesco, Inc."
filed_at: "2024-03-06T23:59:59+00:00"
generated_at: "2026-06-05T03:15:22.047724+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Mitesco enters $150k debt with 3 lenders for compliance; replaces auditor RBSM with Accell

## Summary
- 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.

## SEC filing metadata
- accession: 0001185185-24-000202
- form_type: 8-K
- ticker: MITI
- cik: 0000802257
- company_name: Mitesco, Inc.
- filed_at: 2024-03-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 4.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/802257/000118518524000202/0001185185-24-000202-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/802257/000118518524000202/mitesco20240227_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-24-000202
- JSON: https://secwatch.observer/filing/0001185185-24-000202.json
- Plain text: https://secwatch.observer/filing/0001185185-24-000202.txt

## Key facts
- Auditor Changes
  Mitesco, Inc. dismissed RBSM LLP as its auditor.
  - Action: dismissal
  - Auditor: RBSM LLP
  - Successor: Accell Audit & Compliance, P.A.
  source text: On February 27, 2024, Mitesco, Inc. (the "Company") decided to change its independent registered public accountants, and accordingly dismissed RBSM LLP.
  evidence_url: https://www.sec.gov/Archives/edgar/data/802257/000118518524000202/0001185185-24-000202-index.htm
- Auditor Changes
  Mitesco, Inc. engaged Accell Audit & Compliance, P.A. as its auditor.
  - Action: engagement
  - Auditor: Accell Audit & Compliance, P.A.
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/802257/000118518524000202/0001185185-24-000202-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/802257/000118518524000202/0001185185-24-000202-index.htm

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