{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-106971","form_type":"8-K","ticker":"MEHA","cik":"0001837254","company_name":"Functional Brands Inc.","filed_at":"2025-11-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.724816+00:00","generated_at":"2026-05-16T23:58:40.085951+00:00","sec_items":["1.01","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Functional Brands closes $8M preferred stock private placement and Nasdaq direct listing","bullets":["Closed private placement of 100,000 Series A and 80,000 Series B convertible preferred shares for gross proceeds of $8M.","Series A pays escalating cash dividends (5%-15% annual, +3%/mo after month 18), convertible at lowest of four formulas subject to $4 floor.","Series B convertible at lower of prior close or valuation cap of $56M; company may redeem up to 25% of future financings.","Concurrently completed direct listing of common stock on Nasdaq under ticker MEHA."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-106971","json":"https://secwatch.observer/filing/0001213900-25-106971.json","markdown":"https://secwatch.observer/filing/0001213900-25-106971.md","text":"https://secwatch.observer/filing/0001213900-25-106971.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1837254/000121390025106971/0001213900-25-106971-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1837254/000121390025106971/ea0264292-8k_functional.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T23:58:40.085951+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0a08091e6e9a2660b3b016138c53bf125d93c717","claim":"Functional Brands Inc.: Filed Certificates of Designations for Series A and B Preferred Stock (effective 2025-10-09).","evidence_excerpt":"On October 9, 2025, the Company filed Certificates of Designations, Preferences and Rights for the purpose of designating and establishing the Company’s Series A Preferred and the Series B Preferred.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1837254/000121390025106971/0001213900-25-106971-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-10-09"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}