Mitesco issues 19,200 Series X preferred shares as acquisition work compensation
MITI•Mitesco issued 19,200 unregistered Series X preferred shares on November 5, 2026, as compensation for acquisition work. The shares carry a 10% annual dividend on $25 per share and 400 votes each; holders collectively control over 57% of available votes.
1. Share issuance
Mitesco issued 19,200 unregistered Series X preferred shares on November 5, 2026, as compensation for acquisition work. Three directors and Anglo Irish Management each received 4,800 shares, bringing total Series X preferred shares outstanding to 91,103.
2. Share terms
The shares accrue dividends at 10% annually on $25 per share and have a $25 liquidation preference. Each share carries 400 votes, and Series X preferred holders collectively control over 57% of available votes.
