---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-24-000748"
form_type: "8-K"
ticker: "MITI"
cik: "0000802257"
company_name: "Mitesco, Inc."
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T14:07:52.275399+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Mitesco expands cloud computing, issues restricted shares to consultant and directors

## Summary
- Issued 200,000 restricted shares to consultant Brian Valania; 100k earned now, 50k by Dec 31, 2024, 50k by June 30, 2015; $50k expense in Q3.
- Board approved 100,000 restricted shares to each of three directors for $0.25/share, total $75k expense in Q3 2024.
- Centcore unit expanded to include Microsoft and Linux, offering shared virtual tenancy and dedicated servers; quoting virtual remote backup.
- Centcore generated Q2 revenue with four clients, guarantees 20% cost advantage over AWS/Azure/Google, and offers 100% uptime with DoD cybersecurity.

## SEC filing metadata
- accession: 0001185185-24-000748
- form_type: 8-K
- ticker: MITI
- cik: 0000802257
- company_name: Mitesco, Inc.
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/802257/000118518524000748/0001185185-24-000748-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/802257/000118518524000748/mitesco20240731_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-24-000748
- JSON: https://secwatch.observer/filing/0001185185-24-000748.json
- Plain text: https://secwatch.observer/filing/0001185185-24-000748.txt

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