{"url_path":"/sec/miti/8-k/2026-07-22/item-3-02","section_key":"item-3-02","section_title":"Item 3.02 Unregistered Sales of Equity Securities.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-22","source_url":"https://www.sec.gov/Archives/edgar/data/802257/0001185185-26-003072-index.html","accession_number":"0001185185-26-003072","cik":"0000802257","ticker":"MITI","issuer_name":"Mitesco, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/802257/0001185185-26-003072-index.html","primary_entity_key":"0000802257","primary_entity_name":"Mitesco, Inc."},"word_count":382,"has_tables":true,"body_markdown":"**Item 3.02 Unregistered Sales of Equity Securities.**\n\n \n\nSeries X Preferred Stock issuances for\ncompensation\n\n \n\nOn July 21, 2026 the Board of Directors by written\nconsent agreed to make certain additions to its executive and Board compensation. The Company has agreed to issue 2,400 shares of its\nSeries X Preferred stock whose total face value is $60,000 to two (2) of its Directors, each. The Company has also agree to issue 4,800\nshares of its Series X Preferred shares to its CEO whose total face value is $120,000. Lastly, its has agreed to issue 2,400 shares of\nits Series X Preferred shares whose total face value $60,000 to an advisor to the Company for assistance on acquisitions.\n\n \n\nAs a result of these issuances the Company now\nhas 63,703 shares of its 10% Series X Cumulative Redeemable Perpetual Preferred Stock (the “Series X Preferred Stock”)\noutstanding. The Series X Preferred Stock has a par value of $0.01 per share, no stated maturity, a liquidation preference of $25.00 per\nshare, and will not be subject to any sinking fund or mandatory redemption and will remain outstanding indefinitely unless the Company\ndecides to redeem or otherwise repurchase the Series X Preferred Stock; the Series X Preferred Stock is not redeemable prior to November\n4, 2020. The Series X Preferred Stock will rank senior to all classes of the Company’s common and preferred stock and accrues dividends\nat the rate of 10% per annum on $25.00 per share. The Company reserves the right to pay the dividends in shares of the Company’s\ncommon stock at a price equal to the average closing price over the five days prior to the date of the dividend declaration. Beginning\nin October 2024, the Company elected to use the closing stock price on the 15th of each month. Each one share of\nthe Series X Preferred Stock is entitled to 400 votes on all matters submitted to a vote of our shareholders, and as of the date of this\nfiling the holders of its Series X Preferred shares have over 59% voting control of the Company’s stock.\n\n \n\nThe securities described have not been registered\nunder the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from\nthe registration requirements."}