---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-26-004692"
form_type: "8-K"
ticker: "MITI"
cik: "0000802257"
company_name: "Mitesco, Inc."
filed_at: "2026-10-13T10:01:10+00:00"
generated_at: "2026-10-13T10:06:09.103336+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Mitesco raises $25K ZSP convertible note; director Balencic resigns; issues 2M shares

## Summary
- ZSP Capital 2026 Bridge Note: $25,000 purchase, $27,500 face incl $2,500 OID, 10% interest, 12-month maturity; converts after 6 months or default at lesser of $0.15 or 65% of lowest 10-day trade.
- Issued 2,000,000 restricted shares (500,000 each to four individuals) for TCDC data center and Robo Agent software projects, valued at $0.0375/share; $75,000 total charge.
- Dr. Jordan Balencic resigned from the Board effective Oct. 6, 2026, citing lack of time; Mitesco says no conflicts and won't fill the seat given previously announced acquisition efforts.
- Mitesco continues discussions with multiple acquisition candidates and restructuring of its Bridge notes and Series A Preferred shares.
- Note has 18% default interest (or max legal), 4.99% beneficial ownership cap, and allows holder to deduct $1,750 per conversion notice.

## SEC filing metadata
- accession: 0001185185-26-004692
- form_type: 8-K
- ticker: MITI
- cik: 0000802257
- company_name: Mitesco, Inc.
- filed_at: 2026-10-13T10:01:10+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/802257/000118518526004692/0001185185-26-004692-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/802257/000118518526004692/miti8k101226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-26-004692
- JSON: https://secwatch.observer/filing/0001185185-26-004692.json
- Plain text: https://secwatch.observer/filing/0001185185-26-004692.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.