Liquidation: Mitesco, Inc.

Form Type: 8-K

Filing Date: 2025-04-25

Corporate Action: Liquidation

Type: New

Accession Number: 000118518525000336

Filing Summary: On April 24, 2025, Mitesco, Inc. reported a restructuring of its financial obligations, which includes a plan to eliminate approximately $600,000 in debts through Obligation Exchange Agreements. The company will issue 150,000 shares of restricted common stock valued at $4.00 each to its creditors in exchange for their cancellation of debts. All participants have also agreed to cancel their warrants. Mitesco aims to file a registration statement for these shares within 120 days of execution of the agreements, though completion of the regulatory process is uncertain. The company anticipates recognizing a significant gain due to the extinguishment of these debts upon conversion into stock, pending final review by auditors.