Mitesco Reverses Decision on Proposed Reverse Stock Split

Mitesco (MITI) has released an update.

Mitesco’s Board of Directors has decided to cancel a prior decision to execute a reverse stock split of its common stock, initially authorized on January 4, 2023, with a possible ratio of up to 4:1. This reversal comes after the newly appointed board in December 2023 found no immediate or foreseeable need for such an action. They have declared the prior authorization invalid, indicating that any future consideration for stock splits will be subjected to shareholder approval when necessary.

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