Mitesco, Inc. Files 8-K with Material Agreements
Ticker: MITI · Form: 8-K · Filed: Apr 26, 2024 · CIK: 802257
Sentiment: neutral
Topics: material-agreement, corporate-filing, company-name-change
TL;DR
Mitesco filed an 8-K on April 26th, reporting material agreements and other events from April 17th.
AI Summary
Mitesco, Inc. filed an 8-K on April 26, 2024, reporting a material definitive agreement and other events. The filing includes financial statements and exhibits. The earliest event reported was on April 17, 2024. Mitesco, Inc. was formerly known as True Nature Holding, Inc., Trunity Holdings, Inc., and BRAIN TREE INTERNATIONAL INC.
Why It Matters
This 8-K filing indicates significant corporate activity and potential changes for Mitesco, Inc., requiring investor attention.
Risk Assessment
Risk Level: low — The filing is a standard 8-K reporting material agreements and does not inherently suggest immediate financial distress or significant negative events.
Key Players & Entities
- Mitesco, Inc. (company) — Registrant
- True Nature Holding, Inc. (company) — Former Company Name
- Trunity Holdings, Inc. (company) — Former Company Name
- BRAIN TREE INTERNATIONAL INC (company) — Former Company Name
- April 17, 2024 (date) — Earliest event reported
- April 26, 2024 (date) — Filing date
FAQ
What specific material definitive agreement was entered into by Mitesco, Inc.?
The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the provided text excerpt.
What are the 'Other Events' reported in this 8-K filing?
The provided text excerpt mentions 'Other Events' as an item information but does not specify what those events are.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on April 17, 2024.
What is Mitesco, Inc.'s state of incorporation?
Mitesco, Inc. is incorporated in Nevada.
What were Mitesco, Inc.'s former company names?
Mitesco, Inc. was formerly known as True Nature Holding, Inc., Trunity Holdings, Inc., and BRAIN TREE INTERNATIONAL INC.
Filing Stats: 1,015 words · 4 min read · ~3 pages · Grade level 11.6 · Accepted 2024-04-26 12:38:55
Key Financial Figures
- $60,000 — pensation for the participants shall be $60,000 per year paid through the issuance of r
Filing Documents
- mitesco20240426_8k.htm (8-K) — 33KB
- ex_661614.htm (EX-10.1) — 42KB
- ex_661615.htm (EX-99.1) — 11KB
- ex_661616.htm (EX-99.2) — 10KB
- 0001185185-24-000435.txt ( ) — 249KB
- miti-20240417.xsd (EX-101.SCH) — 3KB
- miti-20240417_def.xml (EX-101.DEF) — 10KB
- miti-20240417_lab.xml (EX-101.LAB) — 20KB
- miti-20240417_pre.xml (EX-101.PRE) — 11KB
- mitesco20240426_8k_htm.xml (XML) — 3KB
01
Item 1.01 Entry into a Material Definitive Agreement. Advisory Board The Board of Directors recently authorized the creation of a new Advisory Board whose participants shall include subject matter experts in certain business areas under consideration by the Company. These positions are "non-executive" and as such are not governed by Section 16 of the Securities Act. The compensation for the participants shall be $60,000 per year paid through the issuance of restricted common stock. The per share valuation to be used shall be determined by the Board of Directors based on the market of the Company's common stock at the time of the appointment. The Board of Director has made April 1, 2024 the effective date for the Advisors appointed through April 2014. On April 26, 2024, the Company announced two additional participants to that Board. Each will receive $60,000 of restricted common stock for their services over the next 12 months. The Board has determined that the price per share for the restricted stock shall be $.80, resulting in the issuance of 75,000 shares for each member, in aggregate 150,000 shares. Tom Simon , the owner of Synthos, LLC [ www.Synthos.co ], a Seattle-based provider of development and support services specializing in GIS. Synthos' services include data procurement and analysis, and spatial and statistical analysis using industry leading applications such as ESRI's Arc-Info and Trimble Navigation. Mr. Simon's clients include telecoms, power providers, environmental engineering and infrastructure management entities as well as governmental agencies such as NOAA, EPA and USACE. Prior to forming Synthos, Mr. Simon was employed by key advisory firms including Booz Allen Hamilton, where he was the lead GIS consultant and project manager serving Federal agencies including US Environmental Protection Agency (USEPA), US Coast Guard, US Bureau of Land Management (BLM), and several offices of the National Oceanic and Atmospheric Administration (NOAA)
01
Item 8.01 Other Events. On April 17, 2024 the Company issued a press release which announced an investor call for April 30, 2024, and a new initiative to enter into the data center hosting arena with an emphasis on infrastructure related applications. A copy of the press release is attached herein as Exhibit 99.1. On April 26, 2024 the Company issued a press release which announced the appointment of two new members to its Advisory Board. A copy of the press release is attached herein as Exhibit 99.2
Financial Statements and Exhibits
Financial Statements and Exhibits. Exhibits Description 10.1 Form of Advisory Board Agreement 99.1 Press Release dated April 17, 2024 99.2 Press Release dated April 26, 2024 104 Cover Page Interactive Data File (formatted as Inline XBRL) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: April 26, 2024 MITESCO, INC. By: /s/ Mack Leath Mack Leath Chairman and CEO