---
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"
generated_at: "2026-05-16T23:58:40.085951+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Functional Brands closes $8M preferred stock private placement and Nasdaq direct listing

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-106971
- JSON: https://secwatch.observer/filing/0001213900-25-106971.json
- Plain text: https://secwatch.observer/filing/0001213900-25-106971.txt

## Key facts
- Governance Changes
  Functional Brands Inc.: Filed Certificates of Designations for Series A and B Preferred Stock (effective 2025-10-09).
  - Change: charter amendment
  - Effective: 2025-10-09
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1837254/000121390025106971/0001213900-25-106971-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.