Mitesco exchanges ~$3M in obligations for ~750k shares at $4.00, cancels all warrants

Mitesco, Inc.

Exchanged ~$3M of debt, payables, and preferred shares for restricted common at $4.00/share; ~750k shares to be issued.
All outstanding warrants cancelled; company cites out-of-the-money pricing and accounting burden.
Goal to extinguish substantially all obligations by Dec 31, 2024; expects substantial gain subject to audit.
Company commits to file registration statement for resale of shares within 120 days.
Discussions ongoing with institutional investors; no assurance of success.

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