secwatch.observer — SEC 8-K summary
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Issuer:     Functional Brands Inc. (MEHA)
CIK:        0001837254
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0001213900-25-106971
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837254/000121390025106971/0001213900-25-106971-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837254/000121390025106971/ea0264292-8k_functional.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-106971

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