Mitesco issues 2 million restricted shares in unregistered sale for project support
MITI•Mitesco issued 2 million restricted common shares at $0.0375 each, totaling $75,000 in share-based charges, to support two technology development projects. About 51 million common shares were outstanding as of the filing date.
1. Share issuances
Mitesco issued the shares in unregistered transactions as compensation to four individuals, split evenly between a TCDC edge computing data center effort and a Robo Agent software project. The shares were valued at $0.0375 each, implying $75,000 in total share-based charges; about 51 million common shares were outstanding as of the filing date.
