Mitesco restructures $10M+ debt into equity, pivots to data center operations

Mitesco, Inc.

Converted over $10M of obligations into 2.5M restricted common shares at $4.00 per share.
Exchanging $13.5M of Series D/F Preferred for ~535,000 shares of new Series A Amortizing Convertible Preferred (stated value $25).
Board issued 150,000 restricted shares each to three directors (total $153K charge) for 2024 services.
Anglo Irish Management LLC now holds 29.88% of total voting power via Series X Preferred shares.
Company refocusing on data center services, competing with AWS/Microsoft, aiming to extinguish remaining obligations by Dec 31, 2024.

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