Functional Brands reduces Series C conversion price to $0.1636; waives below-price prohibition

Functional Brands Inc.

• Conversion price for Series C Preferred reduced to $0.1636/share, replacing tiered structure.
• Below-price conversion prohibition waived during Fixed Conversion Period for all holders.
• Company must file Certificate amendment within 3 business days; failure triggers Event of Default.
• Unpaid Cash Consideration added as unsecured principal to existing senior secured convertible notes.
• Add-Back Principal convertible at 100% of prior day's market price; no collateral or guarantee.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.