secwatch.observer — SEC 8-K summary
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Issuer:     Mitesco, Inc. (MITI)
CIK:        0000802257
Form:       8-K
Filed at:   2026-07-21T21:39:31+00:00
Accession:  0001185185-26-003072
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mitesco issues Series X Preferred shares to directors/CEO; Centcore unit enters edge computing market
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/802257/000118518526003072/0001185185-26-003072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/802257/000118518526003072/miti8k072126.htm
  HTML page:      https://secwatch.observer/filing/0001185185-26-003072

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