Diamond Lawrence M. 4
4 · Mitesco, Inc. · Filed Feb 24, 2022
Insider Transaction Report
Form 4
Mitesco, Inc.MITI
Diamond Lawrence M.
DirectorPres & Chief Operating Officer
Transactions
- Purchase
Warrants to purchase Common Stock
2022-02-14+367,500→ 367,500 totalExercise: $0.50From: 2027-02-14Exp: 2027-02-14→ Common Stock (367,500 underlying) - Purchase
Warrants to purchase Common Stock
2022-02-14+367,500→ 367,500 totalExercise: $0.75From: 2027-02-14Exp: 2027-02-14→ Common Stock (367,500 underlying)
Footnotes (1)
- [F1]A 10% Promissory Note due August 14, 2022 (the "Note"), dated February 14, 2022 was issued to Lawrence Diamond (the "Lender") in the principal amount of $175,000, and has a maturity date that is the earlier of (i) six (6) months from the date of execution, or (ii) the date on which the Company successfully lists its shares of common stock on Nasdaq or NYSE. The purchase price of the Note payable to the Company for the Note was $148,750 and was funded on February 14, 2022. The amount payable at maturity will be $175,000 plus 10% of that amount plus accrued and unpaid interest. In addition to the Note, the Lender will be issued 367,500 5-year warrants that may be exercised at $.50 per share and 367,500 5-year warrants that may be exercised at $.75 per share.