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Functional Brands cuts Series C preferred conversion price to $0.16 per share

PUBT·05/12/2026 10:03:07
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Functional Brands cuts Series C preferred conversion price to $0.16 per share
  • Functional Brands entered Conversion Price Reduction and Waiver Agreement on May 11, 2026 with all holders of its Series C Convertible Preferred Stock.
  • Deal cuts fixed-period conversion price to USD 0.16 per common share, replacing prior tiered conversion pricing.
  • Holders waived restrictions on below-price conversions for conversions at reduced price.
  • Unpaid cash consideration under March 9, 2026 Exchange and Amendment Agreement to be capitalized into holders’ existing exchange notes as additional unsecured principal.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Functional Brands Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-054617), on May 12, 2026, and is solely responsible for the information contained therein.