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Mitesco Inc. (MITI)

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Last Post: 8/4/2020 6:15:22 PM - Followers: 79 - Board type: Free - Posts Today: 9

A recently closed acquisition for Mitesco is MyCare, LLC. As pointed out by Roland Rick Perry, Managing Editor of the Biotech Stock Review, MyCare, LLC is led by the team that brought QuickMedix/Minute Clinic to scale. QuickMedix/Minute Clinic was acquired for an estimated $170 million by CVS in 2006.

CEO Larry Diamond then touched on the details of its General Solicitation Offering Under Regulation D 506(c) of the Securities Act solely to accredited investors. Learn all the details of that offing here

Diamond stated, “As our organization has been progressing, we created a strategy to use the public market to raise capital and bring efficiencies within our holding company that for many companies are not typically available. We have the ability to provide our acquisition targets with core services such as accounting and tax guidance, digital marketing expertise, and the like. Many smaller organizations struggle under the burden of trying to get the best services possible and run their day to day operations. Using the capital markets, we are raising money to be able to acquire these companies and to provide the growth capital necessary to scale these businesses at an accelerated rate.”

Diamond went on to discuss the direction of Mitesco going forward and how the Company will follow a similar path as MTBC, Inc.Mitesco Update: 

Company Announces Details of its General Solicitation Offering Under Regulation D 506(c) of the Securities Act Solely to Accredited Investors and Institutional Investors

DENVER, CO, April 27, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE ? Mitesco, Inc. (MITI) (the “Company” or “Mitesco”) announced today the details of its general solicitation private placement offering (“Offering”) solely to accredited investors under Rule 506(c) of Regulation D promulgated by the Securities and Exchange Commission under the Securities Act of 1933, as amended (“Securities Act”).

The Company has engaged CIM Securities, LLC ("CIM") as the exclusive lead placement agent. CIM invites all interested broker-dealers and accredited investors interested in participating in the Offering, to contact Mr. Jack Myers at CIM Securities via email at: JMyers@cimsecurities.com or by phone at: 619-749-2460.

“The Company has several initiatives which will benefit from this funding, including the roll-out of the MyCare clinic network. The team is moving forward, and while the effort will begin in Minneapolis, 23 states are encouraging nurse practitioners to practice to the full scope of their skills and training. Those states would be primary targets for clinics in both urban and rural locations. We are including the implementation of telehealth as a part of the practice. We believe telehealth will enhance the providers’ ability to focus on consumer needs wherever and whenever they arise,” shared Larry Diamond, the CEO of the Company.

“There are technology-oriented acquisitions, both domestically and in Europe, that can be accelerated with this level of funding. It is an excellent time to be acquiring proven solutions that reduce cost, improve quality, and enhance convenience for the consumer,” explained Julie R. Smith, President & COO.

The Best Efforts Offering, which will have maximum gross proceeds of up to $15 million in Units, consists of Series A Preferred stock and Warrants for the purchase of common stock:

  1. The Unit for each subscriber will consist of Series A Perpetual Preferred Stock Unit priced at $25.00 per share, which pays 10% annual dividend paid monthly and is redeemable after 3 years. This is not convertible into common stock, and the Company plans to undertake its best efforts to file an S-1 within 90 days of closing and to list the shares separately from its common stock;
    For each $25,000 of Series A Preferred stock purchased, the investor will receive 2,500 three (3) year investor warrants for the purchase of common stock, half (1,250) of which are exercisable at $0.15 per share, and half (1,250) of which are exercisable at $0.30 per share as warrants.

Additional details are included in the Company's Private Placement Memorandum which is available to any accredited investor by contacting CIM Securities, LLC.

This advertisement does not constitute an offer to sell nor a solicitation of an offer to purchase any securities in any jurisdiction in which such an offer or solicitation is not authorized and does not constitute an offer within any jurisdiction to any person to whom such offer would be unlawful.

Under Rule 506(c), general solicitation of offerings is permitted, however, purchasers in a Rule 506(c) offering must be "accredited investors." The SEC defines the term "accredited investor" in Rule 501(a). Generally, individuals are considered accredited investors if they have a net worth greater than $1 million (excluding their primary residence) or incomes above $200,000 in the last two years with the expectation of the same in the current year (or $300,000 with a spouse).

Our Operations and Subsidiaries: My Care, LLC, and Acelerar Healthcare Holdings, LTD.

MyCare, LLC is a wholly-owned subsidiary of Mitesco N.A. LLC, the holding company for North American operations. MyCare is building out a network of clinics using the latest telehealth technology with the nurse practitioner operating as its primary healthcare provider. It will begin in Minneapolis and expand nationwide. There are 23 states today that facilitate nurse practitioners practicing to the full scope of their skills and training.  The executive team at MyCare includes several of the key executives who brought Minute Clinic (previously known as Quickmedix) to scale, which was acquired by CVS for $170 million in 2006.

Acelerar Healthcare Holdings, LTD. is the Company’s wholly-owned, Dublin, Ireland based entity for its European operations. There are several targets in Europe under evaluation and management believes cross border expansion for these new, proven healthcare technology solutions may prove a profitable opportunity.

About CIM Securities, LLC

CIM Securities (www.cimsecurities.com) is an independent investment bank that serves micro-cap and small-cap companies by providing capital raising solutions and also merger and acquisition services for companies seeking growth capital or services. CIM Securities also caters to individual investors providing comprehensive brokerage and money management solutions. CIM Securities provides institutional investors and individual investors periodic opportunities to participate in public offerings and private placements of public or private companies.



True Nature Holding, Inc. DBA Mitesco, Inc. (OTCQB) is an emerging growth company
that is further refining its strategy and focusing its’ acquisitions in the healthcare technology
domain to bring together solutions and services that are disruptive and transformational. 

True Nature Holding, Inc. DBA Mitesco, Inc. (OTCQB) concentrates on addressing the changes
and requirements of the healthcare ecosystem essential to the globe’s shift toward population health,
healthcare consumerism, and value-based care.


Company News: 

03/03/2020 08:00 AM EST GlobeNewswire True Nature Holding, Inc. DBA Mitesco, Inc. Announces New Nurse Practitioner Based Business Unit, Senior Team Comes With Acquisition
01/06/2020 08:00 AM EST GlobeNewswire True Nature Holding, Inc. DBA Mitesco, Inc. Adds Distinguished Healthcare Executive to Board of Directors
12/23/2019 08:00 AM EST GlobeNewswire Ms. Julie R. Smith, the President, COO and Board Member for True Nature Holding, Inc., Provides Detailed Overview of 2019 Milestones and Outlook for 2020 in a New Interview at SmallCapVoice.com

Investor Contact

True Nature Holding. Inc.
7535 East Hampden Avenue
Suite 400
Denver, CO 80231

Investor Relations

Phone: (844) 383-8689
Fax: (720) 575-5701

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Nothing in the contents transmitted on this board should be construed as an investment advisory, nor should it be used to make investment decisions.
There is no express or implied solicitation to buy or sell securities. The author(s) may have positions in the stocks or financial relationships with the company or companies discussed
and may trade in the stocks mentioned. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered
for information purposes only. No stock exchange has approved or disapproved of the information here.

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MITI News: Statement of Changes in Beneficial Ownership (4) 07/21/2020 05:19:19 PM
MITI News: Current Report Filing (8-k) 06/08/2020 04:23:51 PM
MITI News: Current Report Filing (8-k) 05/19/2020 03:48:06 PM
MITI News: Quarterly Report (10-q) 05/18/2020 03:22:31 PM
MITI News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 05/15/2020 02:25:33 PM
#3588  Sticky Note MITI NEWS !!! Bounty Man 07/13/20 01:17:05 PM
#2683  Sticky Note *READ: CVS MANAGEMENT TEAM OF MY CARE StockRocket 05/14/20 03:49:19 PM
#3871   Trump signs executive order to expand telehealth, boost goingforittoday 08/04/20 06:15:22 PM
#3870   If your new here, you may not know DarkLady 08/04/20 01:53:05 PM
#3869   That would be nice sctts 08/04/20 01:50:09 PM
#3868   Looking into this, what is the sharestructure like. kas11 08/04/20 01:44:52 PM
#3867   https://www.healthcarefinancenews.com/news/telehealth-become-permanent-under-tru goingforittoday 08/04/20 12:48:40 PM
#3866   agreed i_like_bb_stock 08/04/20 11:10:43 AM
#3865   Mr. Carlos has a very attractive resume. He DarkLady 08/04/20 10:47:33 AM
#3864   new board member https://www.otcmarkets.com/stock/MITI/news/story?e&id=1661220 i_like_bb_stock 08/04/20 10:15:17 AM
#3863   Two weeks is almost here.... and this is Brooksda 08/04/20 09:14:07 AM
#3862   know they are going places. just wish they ed3/6me 08/02/20 11:41:14 AM
#3861   If you go back to 2014 and look goingforittoday 07/31/20 05:40:29 PM
#3860   I think you don’t know how sharestructures work. Brooksda 07/31/20 05:09:38 PM
#3859   This model saw common go from pennies to goingforittoday 07/31/20 06:46:04 AM
#3858   Why do all your posts, post twice? ImJacksColon 07/30/20 07:39:17 PM
#3856   Take a look guys. When I started to DarkLady 07/30/20 07:38:19 PM
#3855   A little corporate encouragement would help here sctts 07/30/20 04:47:33 PM
#3853   Yes, but the ask is building. 600k up front. DarkLady 07/30/20 01:45:07 PM
#3852   Some buying coming in i_like_bb_stock 07/30/20 01:24:56 PM
#3851   When are you going to let this run? Brooksda 07/30/20 01:16:28 PM
#3850   If you look at the ask, not much DarkLady 07/30/20 01:09:28 PM
#3849   MITI .0647 lets break .07s $treet Trader 07/30/20 12:45:32 PM
#3848   Virtual, equitable, and precise: The dean of Stanford’s goingforittoday 07/30/20 12:26:00 PM
#3847   Teladoc's virtual visits grow 200% in Q2, revenue goingforittoday 07/30/20 08:51:50 AM
#3846   Tech optimization: Getting the most out of telehealth This goingforittoday 07/29/20 12:35:56 PM
#3845   Chart reset, should see a move back up starting Tarheel-Blue 07/29/20 09:55:16 AM
#3844   Doubt it.... decogold 07/28/20 12:39:17 PM
#3843   Lower your ask. Maybe it will get taken Brooksda 07/28/20 12:13:40 PM
#3842   INTERESTING SUPPORTING INSIGHT goingforittoday 07/28/20 11:46:51 AM
#3841   Is that you selling on the ask.... Brooksda 07/28/20 11:44:42 AM
#3840   Exactly. This is looking horrible with no awareness Brooksda 07/28/20 10:47:04 AM
#3839   No, It doesn't look to be accumulation here decogold 07/28/20 10:03:18 AM
#3838   Or sells from past management or Eagle converting Brooksda 07/28/20 08:55:32 AM
#3837   That's right, the sells are being absorbed nicely DarkLady 07/27/20 07:14:08 PM
#3836   There were 1.5M buys today! goingforittoday 07/27/20 05:16:40 PM
#3835   About a million a day is sold. I Brooksda 07/27/20 05:09:54 PM
#3834   Not particularly sctts 07/27/20 05:07:02 PM
#3833   Shhhhh people are busy selling. Brooksda 07/27/20 05:04:22 PM
#3832   Awfully quiet in MitiLand sctts 07/27/20 03:34:48 PM
#3831   get it to 5 cents and i ed3/6me 07/25/20 09:01:01 AM
#3830   Back to the future: Digital health-led decentralization of goingforittoday 07/24/20 05:11:45 PM
#3829   Going to need to hear something from the company...Soon sctts 07/24/20 05:11:10 PM
#3827   Down almost 14% on 800k, that's showing little DarkLady 07/24/20 05:06:09 PM
#3826   wait for it... getting my ducks in order. ed3/6me 07/24/20 04:24:41 PM
#3825   You’re in a room with accord - more up goingforittoday 07/24/20 04:10:42 PM
#3824   I’m in a discord room with a lot Brooksda 07/24/20 04:02:52 PM
#3823   Or are they averaging up? goingforittoday 07/24/20 03:59:05 PM
#3822   Or they are averaging down Brooksda 07/24/20 03:58:36 PM
#3821   Buyers today have wisdom! goingforittoday 07/24/20 02:57:18 PM
#3820   So, you’re selling your .03’s? Gotcha Brooksda 07/24/20 02:56:06 PM
#3819   Folks who bought down there are lucky! And profitable! goingforittoday 07/24/20 02:54:56 PM