Mitesco, which operates primary care clinics in the US, withdrew its plans for an initial public offering on Tuesday. It originally filed in November 2021 with a proposed deal size of $22 million, and it had not updated its prospectus since October 2022. The company is currently listed on the OTC under the symbol "MITI".
Mitesco had planned to offer units with warrants attached. As a result, it will be excluded from Renaissance Capital's 2023 IPO stats.
The St. Louis Park, MN-based company was founded in 2009 and had planned to list on the Nasdaq under the symbol MITI. Maxim Group LLC was set to be the sole bookrunner on the deal.
