---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-24-001041"
form_type: "8-K"
ticker: "MITI"
cik: "0000802257"
company_name: "Mitesco, Inc."
filed_at: "2024-10-29T23:59:59+00:00"
generated_at: "2026-05-30T09:30:16.178281+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Mitesco restructures $8.1M debt into equity, creates Series A preferred, adds advisory board

## Summary
- Converted $8,122,857 of debt and senior equity into 2,030,714 restricted common shares at $4.00/share.
- Plans to exchange ~$12.5M of Series D/F preferred into new Series A Amortizing Convertible Preferred (stated value $25, convertible at $4).
- Obtained $33,000 12-month loans at 10% from Cavalry Fund, Mercer Street Capital, and AJB to fund compliance costs.
- Appointed Gabriel Crawford (data center) and Jim Clifton (systems software) to Advisory Board; each received 75,000 restricted shares.
- New Vero Technology Ventures subsidiary developing AI-based sales automation software ('Robo') for real estate and B2B.

## SEC filing metadata
- accession: 0001185185-24-001041
- form_type: 8-K
- ticker: MITI
- cik: 0000802257
- company_name: Mitesco, Inc.
- filed_at: 2024-10-29T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/802257/000118518524001041/0001185185-24-001041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/802257/000118518524001041/mitesco20241024_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-24-001041
- JSON: https://secwatch.observer/filing/0001185185-24-001041.json
- Plain text: https://secwatch.observer/filing/0001185185-24-001041.txt

## Key facts
- Governance Changes
  Mitesco, Inc.: Filed Certificate of Designation for Series A Amortizing Convertible Preferred Stock to authorize 3,000,000 shares with a stated value of $25 per share, establishing preferences, conversion, and redemption rights (effective 2024-10-28).
  - Change: charter amendment
  - Effective: 2024-10-28
  source text: On October 28, 2023, the Company filed a Certificate of Designation, Preferences and Rights of Series A Amortizing Convertible Preferred Stock with the Nevada Secretary of State (the “Certificate of Designation”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/802257/000118518524001041/0001185185-24-001041-index.htm

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