Mitesco, Inc. Files 8-K: Material Definitive Agreement

TL;DR

Mitesco (MITI) signed a big deal, filing an 8-K on Nov 22. Details to come.

AI Summary

Mitesco, Inc. announced on November 22, 2024, that it entered into a material definitive agreement. The filing also includes other events and financial statements and exhibits. The company, formerly known as True Nature Holding, Inc., is incorporated in Nevada and headquartered in Vero Beach, Florida.

Why It Matters

This 8-K filing indicates Mitesco, Inc. has entered into a significant agreement, which could impact its business operations and future financial performance.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities, the nature of which is not fully detailed in this initial filing.

Key Players & Entities

• Mitesco, Inc. (company) — Registrant
• November 22, 2024 (date) — Date of earliest event reported
• True Nature Holding, Inc. (company) — Former company name
• Nevada (jurisdiction) — State of incorporation
• Vero Beach, Florida (location) — Principal executive address

FAQ

Key Financial Figures

• $60,000 — pensation for the participants shall be $60,000 per year paid through the issuance of r

Filing Documents

• mitesco20241202_8k.htm (8-K) — 32KB
• ex_753089.htm (EX-10.1) — 37KB
• ex_753927.htm (EX-99.1) — 13KB
• 0001185185-24-001178.txt ( ) — 214KB
• miti-20241122.xsd (EX-101.SCH) — 3KB
• miti-20241122_lab.xml (EX-101.LAB) — 19KB
• miti-20241122_pre.xml (EX-101.PRE) — 10KB
• mitesco20241202_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 November 22, 2024 the Company made a new appointment to its Advisory Board. The individual 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. Mr. Marty Valania is senior executive whose career has focused on the use of digital marketing in support of the newspaper industry, for both businesses (B2B), and direct to consumer selling. Since 2023 he has been head of digital marketing for Independent Newsmedia, Inc., who operates a digital news media and printing company based out of Arizona, Delaware, Florida and Maryland. Prior to that he spent six (6) years at Independent Newspapers, a Delaware newspaper operator. Before that assignment he was with Digital First Media, Inc., which followed a stint at Radiate Media, who provides hyper-local content, traffic information, advertising and interactive marketplace solutions to media partners and businesses nationwide, including on-air radio and television. He has a bachelor's degree from the University of Delaware, and an MBA from Alfred Lerner College of Business & Economics at University of Delaware. Insight as to the purpose of an Advisory Board is b

01

Item 8.01 Other Events. On December 2, 2024, the Company issued a press release updating shareholders on its financial results for the quarter ended September 30, 2024, and announcing the appointment noted above. A copy can is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

Forward-Looking Statements

Forward-Looking Statements This Form 8-K contains forward-looking statements. You can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "proposed," "intended," or "continue" or the negative of these terms or other comparable terminology. You should read statements that contain these words carefully, because they discuss our expectations about our future events or state other "forward-looking" information. There may be events in the future that we are not able to accurately predict or control. The forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in such forward-looking statements. We cannot give any guarantee that these plans, intentions, or expectations will be achieved. All forward-looking statements involve risks and uncertainties, and actual results may differ materially from those discussed in the forward-looking statements as a result of various factors.

Financial Statements and Exhibits

Financial Statements and Exhibits. Exhibits Description 10.1 Form of Advisory Board agreement 99.1 Press Release for Q3 FY2024 Results and new Advisor Board appointment 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: December 4, 2024 MITESCO, INC. By: /s/ Mack Leath Mack Leath Chairman and CEO

View Full Filing

View this 8-K filing on SEC EDGAR