Recent Updates — MITI
Holders of Mitesco's Series X Preferred stock approved an amendment increasing the authorized share count from 500 million to 1 billion. The Board also issued additional Series X shares to three directors and one existing holder as compensation for work on acquisition matters, bringing total outstanding preferred shares to 91,103. These issuances grant the directors approximately 25% of available voting rights, while Anglo Irish Management holds about 24%. Mitesco operates in the investment holding sector.
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.
Mitesco issued a $25,000 face-value convertible promissory note to ZSP Capital with a 10% original issue discount and 10% interest rate. The debt matures in 12 months and converts at $0.15 per share. Additionally, the company issued 1 million restricted shares valued at $37,500 total as compensation for project assistance. Dr. Jordan Ballencic resigned from the Board of Directors due to time constraints, and the board will not fill the vacancy. Mitesco operates in the technology sector, focusing on edge computing networks and software applications.
Mitesco entered a software development agreement issuing 1,000,000 restricted common shares and secured $20,000 in funding from AJB. It also obtained term notes totaling $160,000 from C/M and WVP. The company extended the maturity of $200,000 in aggregate principal amount of 2025 Bridge Notes to September or December 2026. Additionally, Mitesco suspended Series A Preferred share redemptions pending a new structure by September 30, 2026. The company operates in the technology sector, focusing on edge data centers and AI software solutions.
Mitesco, Inc. issued approximately 11,100,000 shares of restricted common stock valued at $388,500 in connection with an advisory agreement and various compensation arrangements. The issuance includes 1,000,000 shares to Dawson James Securities for advisory services, 1,000,000 shares to five long-term shareholders as a gift, 3,100,000 shares to developers of the Robo Agent software, 3,000,000 shares to Anglo Irish Management LLC, and 9,000,000 shares (3,000,000 each) to three board members. The company also announced a press release detailing its strategy in AI software and edge computing via subsidiaries Centcore and Vero Technology Ventures. Mitesco operates as a technology company focused on artificial intelligence software solutions and modular data center infrastructure.
On July 21, 2026, Mitesco, Inc. issued Series X Preferred Stock as compensation and incentive bonuses for FY2026. The company issued 2,400 shares ($60,000 face value) each to two Directors and 2,400 shares ($60,000 face value) to an advisor, and 4,800 shares ($120,000 face value) to the CEO. Total outstanding Series X Preferred shares now equal 63,703, which carry a 10% annual dividend and provide holders with over 59% voting control of the company. Additionally, the company announced the development of "TC/DC," a compact edge computing platform for residential and small-business use, with prototype testing expected in late Q3 2026 and commercial deliveries targeted for Q1 2027. Mitesco is a technology company focused on efficiency and affordability platforms, including data center services through its Centcore unit.