Mitesco, Inc 8-K, filed Feb 20, 2024
Mitesco, Inc. (MITI)
About this 8-K
Mitesco, Inc filed this 8-K on February 20, 2024.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
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Item 8.01 |
Other Events. |
On February 20, 2024 the Board of Directors of Mitesco unanimously voted to terminate a previously approved authorization for a reverse split of its common stock at a ratio of up to 4:1, previously disclosed on January 4, 2023.
The background is as follows:
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1) |
On January 4, 2023, the Company disclosed in a DEF 14C filing with the SEC that its shareholders had authorized the Board of Directors to affect a reverse split of up to four (4) to one (1) reverse split. Authorization to be available until December 18, 2025. The SEC filing can be found at the following link: |
https://www.sec.gov/Archives/edgar/data/802257/000118518523000003/mitesco20230104_def14c.htm
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2) |
The current Board of Directors, appointed during December 2023, has no pertinent knowledge of the needs, or intended use of the reverse split. |
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3) |
On review of the current and near-term needs of the Company, the Board of Directors has determined that the previously approved reverse split is not useful, or appropriate, at the current time or in the near term. |
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4) |
Based on this insight the Board by virtue of this Consent, hereby sets aside and makes the previously approved action invalid, and declares it shall not be used now, or in the future. |
Should any future action be required for a split, forward or reverse, it will seek shareholder approval at that time.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Dated: February 20, 2024 |
MITESCO, INC. |
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By: |
/s/ Mack Leath |
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Mack Leath |
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Chairman and CEO |
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