Entry into a Material Definitive Agreement · Unregistered Sales of Equity Securities · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Other Events
Item 1.01 Entry into a Material Definitive Agreement. The Company has entered into an Advisory Agreement with Dawson James Securities allowing them to assist on certain mergers, financing and corporate structuring. The are to receive an issuance of 1,000,000 shares of restricted common stock as consideration, and other fees in the future if successful in specific areas.…
Filed Aug 5, 2026Accepted Aug 4, 2026, 7:31 PM EDTCIK 802257Accession 0001185185-26-003266
Mitesco, Inc. (the “Company,” “we,” “us,” or “our”) was formed in the state of Delaware on January 18, 2012. On December 9, 2015, we restructured our operations and acquired Newco4pharmacy, LLC, a development stage company which sought to acquire compounding pharmacy businesses. As a part of the restructuring, we shut down our former business line. On April 24, 2020, we changed our name to Mitesco, Inc. In October 2023, the Company changed its domicile from Delaware to Nevada in order to effect reduced costs.
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Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01 Entry into a Material Definitive Agreement.
The Company has entered into an Advisory Agreement
with Dawson James Securities allowing them to assist on certain mergers, financing and corporate structuring. The are to receive an issuance
of 1,000,000 shares of restricted common stock as consideration, and other fees in the future if successful in specific areas. Only the
stock issuance is the consideration at this time. A form of the agreement is included herein as Exhibit 10.1.
Item 3.02Item 3.02 - Unregistered Sales of Equity
Item 3.02 Unregistered Sales of Equity Securities.
The Board of Directors has authorized the issuance
of shares of restricted common stock as follows:
The Board of Directors has authorized the issuance of 1,000,000
shares of restricted common stock to five (5) individuals who have been advising the Company for over five (5) years each. These are
shareholders who have communicated with the team as the Company has undertaken its restructuring, in regularly, some cases daily. These
shares are deemed to be a gift, not compensation and not related to any consulting or other activity. The support from this group of
unrelated individuals has been critical to the success and with this action the Board sends their thanks. The Company will take a charge
of $35,000 for each of the issuances based on closing price on the date of the issuance, $175,000 in total;
The Board of Directors has authorized the issuance of a total
of 3,100,000 in aggregate to four (4) individuals who are responsible for its new Robo Agent software application. This issuance, along
with smaller previous issuances, will bring the total holdings for each individual to 1,000,000 shares each. The shares are deemed compensation
and will result in a charge of $108,500, using a price per share of $.035, the closing price on the date of the issuance;
The Board of Directors has authorized the execution of an
Advisory Agreement with Dawson James Securities, and with that the issuance of 1,000,000 shares of restricted common stock as compensation.
Additional compensation may be earned under the Agreement based on funding, mergers, or other activities. All amounts are within the
normal and customary amounts seen in the industry. The expense associated with this issuance is $35,000, no further expense is incurred at this time;
The Board of Directors has authorized the issuance of 3,000,000
shares of restricted common stock to Anglo Irish Management, LLC, who has provided consulting and advisory services to the Board of Directors
for over 10 years as compensation. The charge for this issuance will be $105,000 using a closing price of $.035 per share;
The Board of Directors has awarded each of the members of
the Board of Directors 3,000,000 shares of restricted common stock as compensation, at a cost of $105,000 each using a closing price
of $.035 per share, at total of $315,000.
As a result of these issuances there will be approximately
47,000,000 shares outstanding when all the shares are issued.
The securities described have not been registered
under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from
the registration requirements.
Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02
Departure of Directors or
Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
The Board of Directors has awarded each of the members
of the Board of Directors 3,000,000 shares of restricted common stock as compensation, at a cost of $105,000 each using a closing price
of $.035 per share, at total of $315,000.
Item 8.01Item 8.01 - Other Events
Item 8.01 Other Events.
The Company issued a press release on July 28,
2026 discussing its overall strategy. A copy of the press release is included in Exhibit 99.1 of this filing.
Filed exhibits (1)
EX-99.1 (by filename) mitiex99-1.htm
EX-99.1
3
mitiex99-1.htm
EXHIBIT 99.1
Exhibit
99.1
Mitesco
Provides Business Update on Ai Software, Edge Computing and Strategic Growth Initiatives
VERO
BEACH, Fla., July 28, 2026 (GLOBE NEWSWIRE) - Mitesco, Inc. (OTCQB: MITI) (“Mitesco” or the “Company”)
today announced progress across its artificial intelligence software, distributed edge computing, and strategic growth initiatives as
the Company continues to execute its long-term business plan and evaluate strategic acquisition opportunities.
The
Company currently operates through two primary business segments: its data center subsidiary, Centcore, and its software development
division, Vero Technology Ventures (VTV).
Centcore
initially entered the market through a colocation agreement with a data center facility in Melbourne, Florida. However, the Company exited
that arrangement in late 2025 due to operating costs that were no longer competitive within the evolving market environment. In the first
quarter of fiscal 2026, Centcore announced a strategic focus on developing and operating smaller-footprint data centers, generally targeting
facilities of approximately 10,000 square feet. Building on that strategy, the Compan…