Mitesco, Inc. Files 8-K for Material Agreement
Ticker: MITI · Form: 8-K · Filed: Oct 15, 2024 · CIK: 802257
Sentiment: neutral
Topics: material-agreement, filing, corporate-action
TL;DR
Mitesco filed an 8-K on 10/15 for a material agreement dated 10/11.
AI Summary
Mitesco, Inc. filed an 8-K on October 15, 2024, reporting an entry into a material definitive agreement and financial statements/exhibits. The earliest event reported was on October 11, 2024. The company, formerly known as True Nature Holding, Inc., is incorporated in Nevada and headquartered in Vero Beach, Florida.
Why It Matters
This filing indicates a significant business development or financial event for Mitesco, Inc., requiring disclosure to investors.
Risk Assessment
Risk Level: low — This is a standard SEC filing reporting a material event, not an immediate financial distress signal.
Key Players & Entities
- Mitesco, Inc. (company) — Registrant
- October 11, 2024 (date) — Earliest event reported
- October 15, 2024 (date) — Filing date
- True Nature Holding, Inc. (company) — Former company name
- Nevada (jurisdiction) — State of incorporation
- Vero Beach, Florida (location) — Principal executive offices
FAQ
What specific material definitive agreement did Mitesco, Inc. enter into?
The filing does not specify the details of the material definitive agreement, only that one was entered into on or before October 11, 2024.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on October 11, 2024.
What is Mitesco, Inc.'s state of incorporation?
Mitesco, Inc. is incorporated in Nevada.
What was Mitesco, Inc. formerly known as?
Mitesco, Inc. was formerly known as True Nature Holding, Inc.
Where are Mitesco, Inc.'s principal executive offices located?
Mitesco, Inc.'s principal executive offices are located at 505 Beachland Blvd., Suite 1377, Vero Beach, Florida 32963.
Filing Stats: 1,062 words · 4 min read · ~4 pages · Grade level 14.2 · Accepted 2024-10-15 14:07:09
Key Financial Figures
- $60,000 — pensation for the participants shall be $60,000 per year paid through the issuance of r
Filing Documents
- mitesco20241007_8k.htm (8-K) — 32KB
- ex_730336.htm (EX-10.1) — 38KB
- 0001185185-24-000986.txt ( ) — 196KB
- miti-20241011.xsd (EX-101.SCH) — 3KB
- miti-20241011_lab.xml (EX-101.LAB) — 19KB
- miti-20241011_pre.xml (EX-101.PRE) — 10KB
- mitesco20241007_8k_htm.xml (XML) — 3KB
01
Item 1.01 Entry into a Material Definitive Agreement. Advisory Board In early 2024 the Board of Directors 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. On October 11, 2024 the Company made two new appointments to its Advisory 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. The latest appointments to the Advisory Board are executives whose careers have focused on data center business development and data center systems software, as noted here: Gabriel Crawford has over 20 years of experience in data center development from location selection through power distribution engineering and financial structuring including co-location, data center design, key account recruitment and multi-site data distribution. Most recently he was at Center Square DC, headquartered in Dallas, Centersquare specializes in delivering a comprehensive suite of collocation and data center services. Prior to that situation he was with Chirisa Investments specializing in digital infrastructure, communications and real estate, creating value for the long term. While at Digital Fortress, a privately held data center colocation company based in Seattle, Washington he managed a more than 1,500 clients who entrusted their applications and servers to their mission-criti
Financial Statements and Exhibits
Financial Statements and Exhibits. Exhibits Description 10.1 Form of Advisory Board agreement 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: October 14, 2024 MITESCO, INC. By: /s/ Mack Leath Mack Leath Chairman and CEO