secwatch.observer — SEC 8-K summary
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Issuer:     Mitesco, Inc. (MITI)
CIK:        0000802257
Form:       8-K
Filed at:   2026-10-13T10:01:10+00:00
Accession:  0001185185-26-004692
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 3.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/802257/000118518526004692/0001185185-26-004692-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/802257/000118518526004692/miti8k101226.htm
  HTML page:      https://secwatch.observer/filing/0001185185-26-004692

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