secwatch.observer — SEC 8-K summary
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Issuer:     Functional Brands Inc. (MEHA)
CIK:        0001837254
Form:       8-K
Filed at:   2026-02-09T23:59:59+00:00
Accession:  0001213900-26-013392
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Functional Brands repurchases 12,445 Series A Preferred shares for $622,250 to reduce dilution
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- Company bought back all 12,445 Series A Preferred shares held by Evergreen Capital Management LLC at $50/share ($622,250 total).
- Purchase funded from available working capital; shares will be cancelled, reducing potential dilution from conversion.
- In exchange, Company agreed to file an S-1 registration statement for up to 171,000 common shares held by Seller within 90 days.
- The SPA includes mutual releases of claims related to the Series A Preferred and prior purchase agreement.
- Transaction closed February 6, 2026; ongoing effort to minimize dilution for common stockholders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837254/000121390026013392/0001213900-26-013392-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837254/000121390026013392/ea0275973-8k_function.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-013392

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