debt
confidence high
sentiment negative
materiality 0.40
Miteco receives $125K additional convertible note funding; $625K total in past 12 months
Mitesco, Inc.
- Received $125,000 ($137,500 face with 10% OID) from C/M Capital Master Fund under Senior Secured Convertible Note.
- Note converts at $0.15/share, 18-month term, no interest unless default; prepayable at 110% of outstanding principal.
- Total funding under these notes in last 12 months: $625,000.
- Obligations guaranteed by subsidiaries, secured by first priority lien on all assets; sold under Reg D exemption.
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