Mitesco Secures $30M to Fuel Tech Pivot into Data Centers and AI

VERO BEACH, FL – June 30, 2026 – Mitesco, Inc. (OTCQB: MITI) today announced it has secured a new financing facility of up to $30 million, a significant capital injection designed to accelerate its transformation into a technology-focused holding company. The funding, provided by longtime investor C/M Capital Partners, L.P., earmarks the capital for strategic acquisitions in high-growth sectors, primarily related to the booming data center industry.

This move solidifies a dramatic strategic pivot for the company, which is actively working to shed its legacy in the healthcare sector and reinvent itself as a key player in technology infrastructure, software, and artificial intelligence. The new financing provides the firepower for Mitesco to aggressively pursue its acquisition-led growth strategy and clean up its balance sheet from past ventures.

A Strategic Overhaul Fueled by New Capital

The financing marks a critical milestone in Mitesco's ongoing business repositioning. The company has been in a transitional phase since discontinuing its 'The Good Clinic' healthcare operations in late 2022, a venture that left it with significant financial obligations. According to public filings, the company carried over $30 million in senior securities, notes, and payables related to these discontinued activities. A portion of the new $30 million facility may be allocated to retiring this bridge debt, allowing the firm to move forward with a cleaner financial slate.

"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.

This strategic shift was formalized with the creation of two wholly-owned technology-focused subsidiaries. Centcore, LLC is its dedicated data center business unit, aimed at providing secure and scalable cloud services. Complementing this is Vero Technology Ventures, LLC, an investment arm focused on acquiring and nurturing productivity-driven cloud technologies for both commercial and government applications, including infrastructure, automation, and analytics.

An Investor's Vote of Confidence

The substantial financing commitment from C/M Capital Partners, L.P. is being framed by Mitesco’s leadership as a powerful endorsement of its new direction. The institutional investor has been involved with the company since 2021, and this new facility is in addition to $10 million in 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," Leath noted. This long-term relationship and increased commitment suggest the investor sees significant upside in Mitesco’s pivot toward the resilient and rapidly expanding technology sector.

C/M Capital Partners, L.P., a registered Exempt Reporting Adviser, specializes in advising a range of financial entities and business owners across various sectors. This level of sophisticated financial backing provides Mitesco's new strategy with a layer of institutional credibility as it seeks to execute complex acquisitions and integrate new technologies into its portfolio.

The Acquisition Playbook: Data Centers, AI, and Proptech

With capital now secured, Mitesco has outlined a clear and ambitious acquisition playbook. CEO Brian Valania confirmed the company's focus is squarely on technology firms that align with the explosive growth of the data center ecosystem.

"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," Valania commented.

He detailed three specific areas of interest:
1. Advanced Materials Processing: Mitesco is targeting a company with a "unique process for materials processing, similar to a 'rare earth' situation." This technology is crucial for the manufacturing of power distribution components, integrated circuits (ICs), and circuit boards—the foundational hardware fueling data centers and the broader electronics industry. As demand for power-hungry AI and cloud computing escalates, innovations in power efficiency and materials science have become paramount.
2. Real Estate Technology (Proptech): The company is also looking at software designed for the vertical integration of the real estate industry. This includes platforms that manage property listings, lead generation, financing, and other support services. The Proptech market is experiencing a surge in investment as firms race to digitize and streamline the entire property lifecycle, from development to sale.
3. Artificial Intelligence Solutions: Mitesco is pursuing AI solutions designed to improve sales and general business outcomes. This aligns with a massive market trend where enterprises are adopting AI to automate processes, generate predictive insights, and enhance customer relationship management, ultimately driving revenue and efficiency.

Valania also made an open call for opportunities, stating, "We are fielding requests for funding and ask interested parties to reach out to me... for consideration."

Financial Mechanics and Shareholder Impact

The financing is structured as an equity line of credit, which gives Mitesco the flexibility to draw down funds as needed over a 36-month period. This structure allows the company to deploy capital for acquisitions without taking on the full $30 million in debt or dilution at once. However, the terms of the deal will have a direct impact on existing shareholders.

The agreement includes a fee equal to 2% of the maximum funding amount, payable in cash or stock. More significantly, the stock issued to the lender will generally be priced at a 10% discount to the market price at the time of the drawdown. This practice, common in such financing arrangements, will lead to shareholder dilution, as new shares are issued at a price below the public market value, increasing the total number of shares outstanding.

For a company on the OTCQB market that has recently navigated financial distress and dilutive bridge loans, the potential for further dilution is a critical factor for investors to watch. The company has stated it expects to file a registration statement that will allow the shares issued under the agreement to be free-trading. Mitesco will provide a complete set of documents related to this transaction in a forthcoming Form 8-K filing with the U.S. Securities and Exchange Commission, which will offer full transparency on the deal's mechanics and potential impact.