secwatch.observer — SEC 8-K summary
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Issuer:     Funko, Inc. (FNKO)
CIK:        0001704711
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0001704711-25-000120
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1704711/000170471125000120/0001704711-25-000120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1704711/000170471125000120/fnko-20250807_d2.htm
  HTML page:      https://secwatch.observer/filing/0001704711-25-000120

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