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Mitesco Inc. (MITI)

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Last Post: 11/25/2020 4:13:05 PM - Followers: 82 - Board type: Free - Posts Today: 0

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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TNTY Simple Moving Average DAILY CHART



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: Proxy Statement - Other Information (preliminary) (pre 14c) 11/19/2020 02:17:10 PM
MITI News: Quarterly Report (10-q) 11/13/2020 04:24:40 PM
MITI News: Current Report Filing (8-k) 11/06/2020 05:11:34 PM
MITI News: Current Report Filing (8-k) 10/21/2020 10:48:57 AM
MITI News: Current Report Filing (8-k) 10/06/2020 05:21:34 PM
#4088  Sticky Note Not entirely stoked how this has traded in Brooksda 08/19/20 06:58:57 PM
#4712   Stock continues to get bought at these levels. Threeflight 11/25/20 04:13:05 PM
#4710   We definitely need some news, some "good" news. DarkLady 11/25/20 10:47:23 AM
#4709   Proxy should clear by 11/29, then look for goingforittoday 11/25/20 09:47:57 AM
#4708   I keep saying "maybe we'll have a good DarkLady 11/24/20 05:59:49 PM
#4707   Still liking the trading action here. Threeflight 11/24/20 05:13:17 PM
#4706   The Good Clinic needs to move quick and Gonzal 11/23/20 10:21:08 PM
#4705   All worth crap without money! SlickB 11/23/20 05:40:18 PM
#4704   Lot of shares flying off the shelf today sctts 11/23/20 04:24:47 PM
#4703   Will be looking sctts 11/23/20 12:47:57 PM
#4702   PROXY SHOULD GO FINAL THIS WEEK, LOOK FOR goingforittoday 11/23/20 12:33:26 PM
#4701   Steady buying all week. Good sign. Threeflight 11/20/20 07:49:09 PM
#4700   Buy back with no cash?? Lol how does Brooksda 11/20/20 04:07:38 PM
#4699   That still ran to .18, from .01! So, Brooksda 11/20/20 04:07:07 PM
#4698   The old $P*SO trickery lol ImJacksColon 11/20/20 04:06:13 PM
#4697   No... goingforittoday 11/20/20 03:59:53 PM
#4696   Why would they? Brooksda 11/20/20 03:59:20 PM
#4695   Doesn’t the company need revenue in order to Brooksda 11/20/20 03:49:13 PM
#4694   I wonder how many common holders would exchange goingforittoday 11/20/20 02:14:29 PM
#4693   With what money? ImJacksColon 11/20/20 02:03:55 PM
#4692   Best option, easiest and cleanest goingforittoday 11/20/20 02:01:13 PM
#4691   Given the share structure, a share buyback would DarkLady 11/20/20 01:40:07 PM
#4690   I would guess a stock buyback given the goingforittoday 11/20/20 01:38:19 PM
#4689   reverse split and/or value added. both take time ed3/6me 11/20/20 11:10:38 AM
#4688   There are a number of attributes beyond price And goingforittoday 11/20/20 11:06:13 AM
#4687   How can you uplist , when the stock SlickB 11/20/20 10:40:34 AM
#4686   https://livenordhaus.com/ goingforittoday 11/20/20 10:18:47 AM
#4685   Lennar Corporation Site in Minneapolis Chebaccastocks 11/19/20 06:56:29 PM
#4684   There is no reason to do that filing goingforittoday 11/19/20 03:06:36 PM
#4683   Nice! Brooksda 11/19/20 03:05:08 PM
#4682   The formal proxy covering election of officers and goingforittoday 11/19/20 02:56:19 PM
#4681   I don’t think so. Action 1. The election Brooksda 11/19/20 02:47:02 PM
#4680   New 14c, must be uplisting soon That would be goingforittoday 11/19/20 02:44:13 PM
#4679   1.5 million shares on the Bid Anymouse69 11/18/20 02:10:37 PM
#4678   If there is a reason to buy, then Brooksda 11/18/20 12:14:39 PM
#4677   Agree, nice support there at 02, but people ImJacksColon 11/18/20 10:31:39 AM
#4676   Looking dead. Either it’s ready for a move Brooksda 11/18/20 10:29:06 AM
#4675   MITI Chart and accumulation the past 3 weeks Threeflight 11/17/20 07:07:16 PM
#4674   I was expecting more honestly, not bad. Anymouse69 11/17/20 12:04:59 PM
#4673   Let’s see if it continues! Once the shares Brooksda 11/17/20 12:00:06 AM
#4672   MITI nice day today. Turnaround for sure Threeflight 11/16/20 08:00:20 PM
#4671   This may be it, guys/gals. let's watch this DarkLady 11/16/20 05:41:27 PM
#4670   Gotta he close. We have been waiting awhile. Brooksda 11/16/20 02:39:48 PM
#4669   Big volume today. Brooksda 11/16/20 02:38:57 PM
#4668   Any real positive news and we won't see DarkLady 11/16/20 02:12:32 PM
#4667   holding steady get to .03's again will start koolmc 11/16/20 01:00:28 PM
#4666   Lol that’s a pretty big spread there. I Brooksda 11/15/20 11:38:39 PM
#4665   Hearing rumors that the next 1-6 weeks are Threeflight 11/15/20 07:11:58 PM
#4664   Impressive 10q, 160 pages - lots in great insight goingforittoday 11/15/20 02:18:39 PM
#4663   As I said, those do not start converting, Threeflight 11/15/20 01:50:40 PM
#4662   Except I think more is coming: Common Stock Issued Brooksda 11/15/20 08:52:50 AM
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