Mitesco raises $75,000 via 5% OID promissory notes with three institutional investors

Mitesco, Inc.

Gross proceeds $75,000 from three institutional investors via 5% OID promissory notes; face value $78,750.
Notes mature in 12 months, bear 0% interest unless default (then 15% p.a.), secured by first-priority lien on all assets.
Upon default, holders may convert principal + accrued interest into common or preferred stock at VWAP-based price.
Company must file 8-K describing terms and cause common stock to be quoted on OTCQB within 30 days.
Issuance exempt under Section 4(a)(2) of the Securities Act; notes include covenants limiting additional debt and dividends.

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