Healthcare
Mitesco Secures Up to $30 Million Financing Facility to Support Strategic Acquisitions and Accelerate Growth Initiatives
New capital commitment from a longtime investor fuels pipeline of acquisitions and drives expansion across core and emerging business lines VERO BEACH, Fla., June 30, 2026 (GLOBE NEWSWIRE) -- Mitesco, Inc. (OTCQB: MITI) ("Mitesco" or the "Company"), today announced that it has executed an agreement with one of its historical investors for up to $30 million in additional financing. The funding facility is intended for acquisitions and to accelerate growth within its current and near-term operatio
About this update from Mitesco, Inc.
New capital commitment from a longtime investor fuels pipeline of acquisitions and drives expansion across core and emerging business lines VERO BEACH, Fla., June 30, 2026 (GLOBE NEWSWIRE) -- Mitesco, Inc. (OTCQB: MITI) ("Mitesco" or the "Company"), today announced that it has executed an agreement with one of its historical investors for up to $30 million in additional financing. The funding facility is intended for acquisitions and to accelerate growth within its current and near-term operations. "We have had a long-term relationship with C/M Capital Partners, L.P. since 2021, and this new facility is over and above the $10 million existing obligations. The fact that a well-heeled, institutional investor who has been involved for over five years would increase their potential position for another $30 million might speak to their comfort and confidence in the Company and its prospects. We are working closely with all of our institutional investors on our near- and long-term plans for growth, and virtually all of them have come in to support the Company during the last three (3) years as we repositioned the business, again a sure sign of support," stated Mack Leath, Chairman of the Board of Directors since 2023. Brian Valania, CEO, commented, "While we cannot provide specifics about the acquisitions under consideration at this time, I can say that all of our prospects are technology-oriented and play into the data center growth story, whether software, systems, or aimed at power and data center components and needs. These include: a) a unique process for materials processing, similar to a 'rare earth' situation, which supports the growing power distribution, IC, and circuit board manufacturing needs; b) software supporting the vertical integration of the real estate industry, including listing, lead management, financing, and supporting services; and c) several AI solutions generally aimed at improving sales and business outcomes." He continued, "We are fielding requests for funding and ask interested parties to reach out to me at [email protected] for consideration." The form of financing being implemented is an equity line of credit, which allows the Company to draw funding over up to 36 months on its own schedule. The agreement allows for up to $30 million in aggregate financings and includes a fee equal to 2% of the maximum funding, which is pa...