Mitesco, Inc. Enters into Senior Secured Convertible Promissory Notes

Mitesco, Inc. has entered into two Senior Secured 10% Original Issue Discount Convertible Promissory Notes with C/M Capital Master Fund, L.P. and WVP Emerging Manager Onshore Fund, LLC. The total potential funding is $2 million, with an initial aggregate funding of $250,000. These 18-month notes are convertible into common stock at $0.15 per share, subject to adjustments. The notes are secured by a pledge of the company's subsidiaries' securities and a first priority lien on all company assets, and are guaranteed by the subsidiaries. The securities were sold under an exemption from registration pursuant to Section 4(a)(2) and Regulation D of the Securities Act of 1933. The company also detailed events of default and provisions for conversion, including adjustments to the conversion price based on stock performance and future financing rounds.