secwatch.observer — SEC 8-K summary
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Issuer:     Mitesco, Inc. (MITI)
CIK:        0000802257
Form:       8-K
Filed at:   2025-01-28T23:59:59+00:00
Accession:  0001185185-25-000050
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/802257/000118518525000050/0001185185-25-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/802257/000118518525000050/mitesco20250113_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-25-000050

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