IPO - Mitesco, Inc.

Form Type: 424B4

Filing Date: 2025-05-15

Corporate Action: Ipo

Type: New

Accession Number: 000118518525000486

Filing Summary: Mitesco, Inc. filed a prospectus for the resale of up to 15,278,771 shares of its common stock by selling stockholders, including shares tied to a debt restructuring process. The shares being resold comprise 2,628,179 shares from restructuring financial obligations of approximately $12.5 million, 9,978,907 shares from mandatory redemption of Series A Amortizing Convertible Preferred Stock worth over $14 million, and 2,671,685 shares from previous unregistered offerings. Mitesco will not receive proceeds from these sales and emphasizes that the selling stockholders are not required to sell their shares. The prospected shares are offered at a fixed price of $4.00, with details on the selling process outlined, including potential trading conditions. Mitesco identifies itself as a smaller reporting company, and investing in its common stock is considered highly speculative, involving significant risks such as potential inability to continue as a going concern stemming from significant losses and current liabilities. The Company aims to raise capital through this and future offerings, with a focus on cloud computing and datacenter technology in its updated business model.

Form Type: S-1/A

Filing Date: 2025-05-14

Corporate Action: Ipo

Type: Update

Accession Number: 000118518525000439

Filing Summary: Mitesco, Inc. is filing Amendment #2 to its Form S-1 Registration Statement with the SEC regarding a proposed offering of up to 15,278,771 shares of its common stock. This filing addresses previous restructuring efforts including the issuance of common stock to settle approximately $12.5 million in financial obligations. It outlines that 2,628,179 shares are issued due to a debt restructuring, 9,978,907 shares are tied to preferred stock conversion, and 2,671,685 shares are registered voluntarily from prior unregistered offerings. The registration is primarily for the resale of these shares by Selling Stockholders. The document highlights that the Company is not offering any securities for sale and will not receive proceeds from the resale but is fulfilling contractual obligations to register the shares. It draws attention to risks associated with investments in the common stock, which trades on the OTC Pink Market. Furthermore, Mitesco is classified as a smaller reporting company and has undergone significant restructuring due to the closure of its clinic operations, aiming now at developing cloud computing-related services and technology offerings.

Form Type: S-1/A

Filing Date: 2025-05-08

Corporate Action: Ipo

Type: New

Accession Number: 000118518525000406

Filing Summary: Mitesco, Inc., a smaller reporting company based in Nevada, is filing an S-1/A registration statement to register 15,278,771 shares of its common stock for resale by selling stockholders. The shares consist of common stock issued or to be issued in connection with financial restructuring including the conversion of $12.5 million in obligations into common stock, and the conversion of over $14 million worth of Series D and Series F Preferred Shares into Series A Amortizing Convertible Preferred Stock. The company has undergone significant operational changes, including closing its clinic operations due to profitability issues and transitioning to a focus on cloud computing and datacenter services through its business units, Centcore, LLC and Vero Technology Ventures, LLC. The registration is necessitated by contractual obligations to register the resale of shares, and Mitesco will not receive any proceeds from the sales of these shares. The Company emphasizes the speculative nature of the investment and highlights risks including a lack of profitability and potential challenges in attracting capital and customers. Furthermore, ongoing economic factors such as inflation and a possible recession may impact the company's financial condition and operations.