Funko files S-3 for $100M, warns of going concern, credit amendment signed

Funko, Inc.

Filing S-3 to register up to $100M of securities and resale of 12.6M shares by a selling stockholder.
Entered Amendment No. 4 to credit agreement on July 16, 2025; covenants will be breached from Q4 2025.
Substantial doubt about ability to continue as a going concern due to insufficient cash to repay loans by Sept 2026.
Forecasts insufficient cash flows to support working capital needs within next twelve months.
Auditor's report includes explanatory paragraph on going concern; material weaknesses in internal control exist.

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