other material
confidence high
sentiment neutral
materiality 0.60
Mitesco issues Series X Preferred shares to directors/CEO; Centcore unit enters edge computing market
Mitesco, Inc.
- Issued 2,400 Series X Preferred shares to each of two directors ($60k face value each) and 4,800 shares to CEO ($120k face value) as FY2026 incentive bonuses.
- Also issued 2,400 Series X Preferred shares to an advisor for acquisition assistance ($60k face value). Total new shares: 12,000; now 63,703 Series X shares outstanding.
- Series X holders have over 59% voting control; each share carries 400 votes and a 10% annual dividend on $25 liquidation preference.
- Centcore unit announces TC/DC edge computing platform: compact, low-power hybrid design for residential/rural/small-business deployments.
- Prototype testing expected late Q3 FY2026; initial commercial deliveries targeted Q1 FY2027; potential scale to 10,000 units within 18-24 months.