Functional Brands adjusts Series C preferred stock conversion price

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Go back to Functional Brands adjusts Series C preferred stock conversion price

Functional Brands Inc. Announces Conversion Price Adjustment Agreement for Series C Preferred Stock

May 12, 2026 8:08 AM EDT

Lake Oswego, Oregon--(Newsfile Corp. - May 12, 2026) - Functional Brands Inc. (NASDAQ: MEHA), (the "Company"), a leading innovator in wellness and performance products, today announced that it has entered into a Conversion Price Reduction and Waiver Agreement with all holders of the Company's Series C Convertible Preferred Stock.

Under the terms of the Agreement, the conversion price applicable to the Series C Preferred Stock during the Fixed Conversion Period has been modified to $0.1636 per share of common stock, reflecting the current market price at the time of execution. This new conversion price replaces... More