Mitesco closes $50K bridge convertible note at $0.15/share; issues Series X Preferred to directors

Mitesco, Inc.

2026 Bridge Note: $50K purchase, $55K principal, 10% OID, 10% interest, 12-month maturity. Conversion at $0.15 or 65% of lowest traded price in prior 10 days.
Series X Preferred: $60K each to three directors and $60K to Anglo Irish Investments. 51,703 shares outstanding; super voting (400 votes/share), cumulative 10% dividend.
CEO FY2026 comp: $120K base (accruing retro to Jan 1), $30K/quarter performance bonus, payment subject to cash availability; $60K unpaid from FY2025.
Board to file S-8 for 5M stock options at 115% of closing price; exploring acquisition with advisory firm (up to $20K expense, potentially $150K total in Q2 FY2026).

item 1.01 item 3.02 item 5.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Mitesco, Inc. issued convertible note to a new institutional investor for $50,000 purchase price.

Security: convertible note
Purchaser: a new institutional investor
Consideration: $50,000 purchase price

Exact text from the filing

On April 23, 2026 Mitesco, Inc. (the “Company”) received funding from a new institutional investor in the Company using the 2026 Bridge Note previously executed with other of its historical investors. The 10% Original Issue Discount Convertible Promissory Note (the “2026 Bridge Note”) has a $50,000 purchase price.

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Mitesco, Inc. filing history →

Source: SEC EDGAR

accession 0001185185-26-001499

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