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Mitesco ( (MITI) ) has provided an update.
On February 23, 2026, Miteco, Inc. received an additional $125,000 in financing under a Senior Secured 10% Original Issue Discount Convertible Promissory Note with C/M Capital Master Fund, L.P., bringing total bridge-note funding over the past 12 months to $625,000. The 18‑month note, which carries no interest unless in default and can be converted into common stock at $0.15 per share, is guaranteed by the company’s subsidiaries, secured by a first‑priority lien on all assets, and may be prepaid at 110% of outstanding principal, underscoring both the company’s reliance on secured convertible debt and the heightened claims position of its lender relative to other stakeholders.
More about Mitesco
Miteco, Inc. operates as a corporate parent company with multiple subsidiaries, using secured financing structures that pledge subsidiary securities and grant lenders a first-priority senior security interest in all company assets. Its capital strategy includes the use of senior secured convertible promissory notes placed with institutional investors under private offering exemptions.
Average Trading Volume: 108,801
Technical Sentiment Signal: Sell
Current Market Cap: $1.43M
See more insights into MITI stock on TipRanks’ Stock Analysis page.