Mitesco converts $580K bridge notes into Series A preferred; raises $100K in new Series A sale

Mitesco, Inc.

Converted $580,132 of FY2024 Bridge Notes (principal & interest) into 23.205 Series A Preferred shares at $25 stated value per share to three institutional investors.
Series A convertible at $4.00/share; monthly redemption of 1/36th at 105% cash or 90% of 5 lowest closing prices over 30 trading days.
Raised $100,000 via sale of 4,000 additional Series A Preferred shares.
Company will use commercially reasonable efforts to file a resale registration statement for underlying common shares within 120 days.
Securities issued in private placement under Section 4(a)(2) of Securities Act; not registered.

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