other material
confidence high
sentiment neutral
materiality 0.35
Mitesco appoints three advisors to new Advisory Board; modifies Series X dividend valuation
Mitesco, Inc.
- Appointed Kristen Plybon (cybersecurity/data privacy), Nathaniel Wade (cybersecurity/IT), and William Thein (natural CPG) to Advisory Board.
- Each advisor receives $60,000/year in restricted stock at $0.80/share; 75,000 shares each, total 225,000 shares issued.
- Series X Preferred dividend valuation set at $0.80/share since July 2023; 25,013 shares issued for Q1 2024 dividends.
- Effective April 1, 2024, dividend valuation reverts to Certificate of Designation terms using monthly closing price.
- Advisory Board is non-executive, provides non-binding advice; no fiduciary duties or Section 16 obligations.