debt
confidence high
sentiment neutral
materiality 0.50
Miteco enters $250k initial convertible note financing with two funds, notes convertible at $0.15/share
Mitesco, Inc.
- Issued two Senior Secured 10% OID Convertible Notes to C/M Capital Master Fund and WVP Emerging Manager Onshore Fund.
- Total initial funding $250,000 ($150k + $100k), with potential total up to $1M each.
- Notes mature in 18 months, bear no interest unless default, convertible at $0.15 per share.
- Notes are secured by first priority lien on all company assets and guaranteed by subsidiaries.
item 1.01item 3.02item 9.01