Mitesco, Inc.

Mitesco, Inc. secured a non-binding term sheet for a $30 million Equity Line of Credit (ELOC) facility with a historical lender, subject to various conditions and a 2% fee. Concurrently, the company received $225,000 in bridge financing through 10% convertible promissory notes from two existing investors, with a total repayment obligation of $247,500. Additionally, Mitesco announced the official launch of its RoboAgent Test Bed Team, an initiative designed to gather real-world feedback for its AI-powered real estate productivity platform, RoboAgent, with industry experts joining the team.

Mitesco, Inc. reported a net loss of $777,289 for Q1 2026, a significant decline from a net income of $3.45 million in Q1 2025, with revenue dropping to zero from $17,000. The company faces substantial doubt about its ability to continue as a going concern, holding only $1,533 in cash and $19.5 million in current liabilities. Mitesco is transitioning its business focus to data center services and AI application development, including the "Robo Agent" and a new sports-related application.

Mitesco, Inc. secured $50,000 in bridge financing from a new institutional investor via a 10% Original Issue Discount Convertible Promissory Note. The note bears 10% interest, matures in 12 months, and is convertible into common stock at $0.15 per share. Additionally, the company's Board of Directors approved the issuance of $60,000 in Series X Preferred Stock to each director for FY2026 compensation. Another $60,000 in Series X Preferred Stock was issued to Anglo Irish Investments, LLC for assistance in evaluating certain acquisitions.

Mitesco, Inc. has submitted its annual report on Form 10-K for the fiscal year concluded on December 31, 2025. The filing confirms the company's status as a non-accelerated filer and a smaller reporting company. Additionally, the aggregate market value of voting and non-voting common equity held by non-affiliates was reported as $2,625,318 as of June 30, 2025.

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.