secwatch.observer — SEC 8-K summary
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Issuer:     Mitesco, Inc. (MITI)
CIK:        0000802257
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001185185-24-000202
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 4.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/802257/000118518524000202/0001185185-24-000202-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/802257/000118518524000202/mitesco20240227_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-24-000202

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer