Functional Brands signs binding LOI to acquire BullionFX assets for $142.9M in stock

Functional Brands Inc.

Will acquire Alchemy blockchain infrastructure and related assets from BullionFX Ltd.
Consideration of ~$142.9M in preferred stock convertible to common stock pending shareholder approval.
Assets include gold-backed stablecoins, DeFi protocols, and real-time audit mechanisms.
Binding exclusivity and due diligence period until May 31, 2026; LOI terminates June 15 if no definitive agreement.
CEO calls acquisition transformational; aims to bridge physical gold markets with decentralized finance.

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