secwatch.observer — SEC 8-K summary
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Issuer:     Mitesco, Inc. (MITI)
CIK:        0000802257
Form:       8-K
Filed at:   2026-04-24T23:59:59+00:00
Accession:  0001185185-26-001499
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/802257/000118518526001499/0001185185-26-001499-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/802257/000118518526001499/miti8k042326.htm
  HTML page:      https://secwatch.observer/filing/0001185185-26-001499

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer