Mitesco, Inc. filed a Form 8-K on October 31, 2025, detailing critical debt financing executed via Senior Secured Convertible Notes with C/M Capital Master Fund, L.P. under a Securities Purchase Agreement.
Financing Terms and Structure: The Company secured commitments for up to \(1,000,000 in Senior Secured Convertible Notes. Initial funding of \)250,000 was disclosed, with one tranche requiring repayment of \(275,000 due to a 10% Original Issue Discount (OID). Interest accrues only upon default at 10% per annum. The notes are convertible into common stock at a fixed price of \)0.15 per share
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