4//SEC Filing
Diamond Lawrence M. 4
Accession 0001185185-22-000730
CIK 0000802257other
Filed
Jun 6, 8:00 PM ET
Accepted
Jun 7, 6:14 PM ET
Size
12.1 KB
Accession
0001185185-22-000730
Insider Transaction Report
Form 4
Mitesco, Inc.MITI
Diamond Lawrence M.
DirectorPres & Chief Operating Officer
Transactions
- Other
Common Stock, par value $0.01
2022-05-26$0.25/sh+24,118$6,030→ 6,867,375 total - Purchase
Common Stock Purchase Warrant
2022-05-26+24,118→ 24,118 totalExercise: $0.50From: 2022-11-26Exp: 2027-05-26→ Common Stock (24,118 underlying) - Other
Common Stock, par value $0.01
2022-06-07$0.16/sh+13,143$2,103→ 6,900,824 total - Other
Common Stock, par value $0.01
2022-06-07$0.26/sh+20,306$5,280→ 6,887,681 total
Footnotes (6)
- [F1]On May 26, 2022, Mitesco, Inc. (the "Company") issued a 10% Promissory Note (the "Note") to Lawrence Diamond. The principal amount of the Note is $58,824.00, carries a 10% interest rate per annum, payable in monthly installments.
- [F2]In connection with the Note, on May 26, 2022, the Company issued 24,118 commitment fee shares of the Company's common stock to Mr. Diamond.
- [F3]The Company issued 20,306 shares of Restricted Common Stock at a price of $0.26 per share, as dividend for Mr. Diamond's ownership of Series X Perpetual Preferred Stock ("Series X Preferred") for the year 2021.
- [F4]The Company issued 13,143 shares of Restricted Common Stock at a price of $0.16 per share, as dividend for Mr. Diamond's ownership of Series X Preferred for the months of January 2022 through May 2022.
- [F5]24,118 Common Stock Purchase Warrants at an exercise price of $0.50 were granted to Mr. Diamond on May 26, 2022, pursuant to the Note. The Warrants are exercisable at any time on or after November 26, 2022, and on or before the May 26, 2027.
- [F6]The 6,867,375 is the correct amount of securities beneficially owned following the reported transaction. The Form 4 filed on August 18, 2021, should have amended the Form 4 filed on June 3, 2021, but erroneously re-filed the Form 4 and duplicated the amount of securities beneficially owned by Lawrence Diamond by 1,500,000 shares. Therefore, each Form 4 thereafter erroneously overstated the amount of securities beneficially owned by Lawrence Diamond by 1,500,000 shares.
Documents
Issuer
Mitesco, Inc.
CIK 0000802257
Entity typeother
Related Parties
1- filerCIK 0001791232
Filing Metadata
- Form type
- 4
- Filed
- Jun 6, 8:00 PM ET
- Accepted
- Jun 7, 6:14 PM ET
- Size
- 12.1 KB