InvestmentApr 15, 2026, 05:01 PM
Mitesco Secures $50K Bridge Financing, Issues Dividend Shares
AI Summary
Mitesco, Inc. secured $50,000 in bridge financing from two historical investors through 10% Original Issue Discount Convertible Promissory Notes. These notes bear 10% interest, mature in 12 months, and are convertible into common stock at $0.15 per share, with the company obligated to repay $55,000. Additionally, the company will issue 222,142 shares of restricted common stock for its Q1 FY2026 Series X Preferred Stock dividend payments.
Key Highlights
- Secured $50,000 in 2026 Bridge Notes from two historical investors.
- Notes bear 10% interest, mature in 12 months, and include a 10% original issue discount.
- Company is obligated to repay a total of $55,000 for the bridge notes.
- Notes are convertible into common stock at $0.15 per share.
- Issued 222,142 restricted common shares for Q1 FY2026 Series X Preferred Stock dividend.
Price Impact
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