secwatch.observer — SEC 8-K summary
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Issuer:     Functional Brands Inc. (MEHA)
CIK:        0001837254
Form:       8-K
Filed at:   2026-05-11T21:45:59+00:00
Accession:  0001213900-26-054617
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837254/000121390026054617/0001213900-26-054617-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837254/000121390026054617/ea0290213-8k_functional.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-054617

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