secwatch.observer — SEC 8-K summary
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Issuer:     Mitesco, Inc. (MITI)
CIK:        0000802257
Form:       8-K
Filed at:   2025-05-23T23:59:59+00:00
Accession:  0001185185-25-000545
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/802257/000118518525000545/0001185185-25-000545-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/802257/000118518525000545/miti8k052225.htm
  HTML page:      https://secwatch.observer/filing/0001185185-25-000545

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