secwatch.observer — SEC 8-K summary
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Issuer:     Funko, Inc. (FNKO)
CIK:        0001704711
Form:       8-K
Filed at:   2025-08-15T23:59:59+00:00
Accession:  0001193125-25-181846
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Funko amends stockholder agreement to exclude up to $40M ATM shares from TCG consent threshold
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- Amendment dated Aug 14, 2025 between Funko and TCG Fuji 3.0, LP.
- Excludes up to $40M of Class A common stock issued in at-the-market offerings from the 22% beneficial ownership threshold triggering TCG consent rights.
- Consent rights remain for other actions such as mergers, asset sales, capital stock issuances (excluding ATM shares), and charter amendments.
- Amendment enables Funko to pursue ATM offerings under an existing sales agreement with BTIG, LLC without losing TCG's consent trigger.
- No immediate issuance; the amendment is a governance change to facilitate future equity sales.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1704711/000119312525181846/0001193125-25-181846-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1704711/000119312525181846/d941176d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-181846

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