---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-24-000538"
form_type: "8-K"
ticker: "MITI"
cik: "0000802257"
company_name: "Mitesco, Inc."
filed_at: "2024-05-16T23:59:59+00:00"
generated_at: "2026-06-01T22:12:55.775157+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Mitesco forms data center subsidiary, issues 300k shares to advisors, secures $99k loans

## Summary
- Advisory Board created; four members each granted 75,000 restricted shares at $0.80/share (300,000 total) for 12-month service.
- William Thein appointment terminated; no consideration paid due to shift from consumer products to technology focus.
- Consulting agreement with Betsy Berlin: 12-month term, $10k/month salary, plus up to 75,000 restricted shares subject to performance.
- Three lending agreements with Cavalry Fund, AJB, and Mercer Street Capital: each $33,000 at 10% interest, 12-month term, proceeds for compliance costs.
- New wholly-owned subsidiary formed to develop secure data center operations and infrastructure-focused cybersecurity solutions.

## SEC filing metadata
- accession: 0001185185-24-000538
- form_type: 8-K
- ticker: MITI
- cik: 0000802257
- company_name: Mitesco, Inc.
- filed_at: 2024-05-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/802257/000118518524000538/0001185185-24-000538-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/802257/000118518524000538/mitesco20240512_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-24-000538
- JSON: https://secwatch.observer/filing/0001185185-24-000538.json
- Plain text: https://secwatch.observer/filing/0001185185-24-000538.txt

## Key facts
- Material Agreements
  Mitesco, Inc. entered into a credit facility with Cavalry Fund, AJB and Mercer Street Capital valued at $33,000 each (effective 2024-05-13).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Cavalry Fund, AJB and Mercer Street Capital
  - Value: $33,000 each
  - Effective: 2024-05-13
  source text: the Company entered into a lending agreement with each of three (3) of its historical institutional investors, Cavalry Fund, AJB and Mercer Street Capital (“the Lenders”). The notes provide $33,000 of proceeds each, are for 12-month period, and earn interest at ten percent (10%) per year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/802257/000118518524000538/0001185185-24-000538-index.htm

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