secwatch.observer — SEC 8-K summary
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Issuer:     Functional Brands Inc. (MEHA)
CIK:        0001837254
Form:       8-K
Filed at:   2026-08-17T20:01:16+00:00
Accession:  0001213900-26-090736
Event type: earnings
Sentiment:  negative
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Functional Brands Q2 net loss widens to $2.6M; going concern doubt, BullionFX deal terminated
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- Revenue $1.87M (+2% YoY); gross margin 59.9% (+710bps) on higher-margin channels.
- Net loss $2.6M vs $0.2M loss; operating loss $1.3M vs $0.16M on higher G&A.
- BullionFX terminated LOI for blockchain IP acquisition on June 29, 2026.
- Stock delisted from Nasdaq; now trades on OTC Markets under MEHA.
- Going concern: cash $352K, working capital deficit $2.9M, accumulated deficit $16.7M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837254/000121390026090736/0001213900-26-090736-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837254/000121390026090736/ea0302335-8k_function.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-090736

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer