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Functional Brands Inc ( (MEHA) ) has shared an update.
On November 5, 2025, Functional Brands Inc. completed a significant financial maneuver by closing a Securities Purchase Agreement with accredited investors, resulting in the issuance of 100,000 shares of Series A Convertible Preferred Stock and 80,000 shares of Series B Convertible Preferred Stock. This transaction, which raised $8 million before fees, coincided with the company’s direct listing on the Nasdaq Stock Market. The preferred stocks offer various conversion and dividend options, potentially impacting the company’s capital structure and investor relations.
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