Mitesco appointed Frank Panunto to its Board of Directors and issued him 2 million restricted common shares and 7,200 Series X Preferred shares as compensation. The company also issued 5.5 million additional restricted common shares to other executives for consulting support on the Robo Agent software project. Total stock-based charges are estimated at $393,305 ($175,000 for common stock and $218,305 for preferred stock). The filing also notes ongoing discussions regarding acquisition candidates and the restructuring of bridge notes and Series A Preferred shares. Mitesco is a technology company focused on platforms that improve efficiency and access, operating through divisions including Centcore data center services.
