Welcome to our dedicated page for Functional Brands SEC filings (Ticker: MEHA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Functional Brands, Inc. (NASDAQ: MEHA) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as a public issuer on the Nasdaq Capital Market. Functional Brands is a health and wellness company focused on acquiring and growing science-based consumer brands such as Kirkman®, P2i by Kirkman®, Hemptown Naturals and Healthy Assist by Kirkman, and its filings offer detailed insight into this business.
Through documents filed with the U.S. Securities and Exchange Commission, investors can review information on Functional Brands’ capital structure, financial condition and operating performance. For example, the company has filed a Form 8-K describing the release of financial results for a fiscal quarter, including revenue, gross profit, operating expenses and net income, along with balance sheet and cash flow data. Filings also identify MEHA common stock as registered under Section 12(b) of the Exchange Act and listed on The Nasdaq Stock Market LLC, and note the company’s status as an emerging growth company.
On this page, users can monitor current and historical filings such as Form 8-K for material events and earnings announcements, as well as other periodic and registration statements that may be filed over time. These documents help explain how Functional Brands reports on its wellness and performance products business, its portfolio of brands and its financial results.
Stock Titan enhances access to MEHA filings with tools that surface new submissions from EDGAR and organize them by form type and date. This structure allows readers to quickly locate items such as quarterly updates, capital markets disclosures and other regulatory documents that shape the public record for Functional Brands, Inc.
Functional Brands Inc. reported a turnaround to profitability for 2025 and stronger liquidity. For the year ended December 31, 2025, revenue was $6,611,484 and net income was $758,478, compared with revenue of $6,566,455 and a net loss of $559,356 in 2024.
In the fourth quarter of 2025, revenue was $1,494,521 and net income reached $852,313, versus revenue of $1,680,096 and a net loss of $277,750 a year earlier. Basic net income per share was $0.08 for both the quarter and full year, while diluted earnings per share were $0.01.
Cash increased to $2,726,696 at year-end 2025 from $211,642, aided by $8,000,000 of proceeds from issuance of preferred stock. Total assets rose to $9,108,302, and stockholders’ equity improved to $1,541,331 from a deficit of $118,577, reflecting new equity capital and derivative liability movements.
Functional Brands Inc. is a Delaware-based nutraceutical company centered on its long-standing Kirkman supplement brand, selling over-the-counter products across categories like digestive health, immunity, prenatal care and special-needs support through pharmacies, wholesalers, international distributors, professionals and direct-to-consumer channels.
The company has launched the certified prenatal line P2i by Kirkman and the Tru2u.health digital wellness platform, and operates an FDA-registered, cGMP-certified facility in Oregon. It discontinued all hemp and CBD-related businesses and targets growth via new products, mushroom-based formulations, e-commerce and partnerships such as Market Performance Group.
Functional Brands reported an aggregate market value of non-affiliate equity of $3,538,920 as of December 31, 2025 and had 20,796,504 common shares outstanding as of March 24, 2026. The company received a Nasdaq deficiency notice for its sub-$1.00 bid price and faces going concern uncertainty due to recurring losses, negative operating cash flows and a significant accumulated deficit.
Management raised capital through Series A and B preferred stock and later repurchased portions of the Series A Preferred and exchanged remaining Series A and B into Series C Preferred, cash, senior secured convertible notes and common stock, adding interest-bearing secured debt and layered conversion features. A bylaw change reduced the shareholder quorum requirement to 33.4% to improve the ability to hold meetings.
Functional Brands Inc. entered into an Exchange and Amendment Agreement with several investors to restructure its preferred equity and add new secured debt. Investors exchanged all Series A and Series B Convertible Preferred Stock for a package valued at an assigned stated value of $8,378,000.
The consideration includes $6,032,160 in stated value of new Series C Convertible Preferred Stock, $900,000 in cash, $837,800 principal amount of senior secured convertible notes and 5,190,171 shares of common stock. Investors agreed to near-term selling limits, including no open-market common stock sales before the next shareholder meeting record date and a 15% of trading volume cap per day afterward.
The Series C Preferred has a $1,000 stated value and is convertible into common stock at three fixed prices: half at $0.30 per share, a quarter at $0.35 and a quarter at $0.41. The new notes bear 12% annual interest, amortize over 17 months starting one year after issuance, are prepayable at par plus interest and are convertible at 120% of the common stock’s closing price on the exchange date. To secure these obligations, the investors received a security interest in substantially all company assets, and the company filed a Certificate of Designation establishing the Series C Preferred.
Functional Brands Inc. updated its leadership compensation arrangements. The board’s Compensation Committee approved an amendment to CEO Eric Gripentrog’s executive employment agreement to extend the vesting schedule for certain previously granted restricted stock units.
The company also executed new independent director agreements with Girard Smith, Lourdes Felix, and Steven Rossi. Each independent director will receive $60,000 in annual cash compensation and an initial stock option grant, to be determined by the board, upon board and stockholder approval of the 2026 Equity Incentive Plan. These options will vest on the grant date and quarterly thereafter, and the agreements include potential additional committee fees and indemnification.
Functional Brands Inc. entered into a Series A Convertible Preferred Stock Purchase Agreement with Evergreen Capital Management LLC to repurchase 12,445 shares of its Series A Convertible Preferred Stock at $50.00 per share, for a total of $622,250.00, funded from available working capital.
The purchase closed on February 6, 2026, after customary conditions were met. The acquired Series A Preferred shares will be cancelled under the company’s organizational documents, and the company states this buyback is part of its ongoing efforts to reduce potential dilution, without affecting the rights of any other Series A Preferred holders.
Functional Brands Inc. updated its bylaws to lower the quorum required for shareholder meetings. As of the amendment approved on February 1, 2026, stockholders holding 33.4% of the company’s outstanding capital stock entitled to vote now constitute a quorum, compared with a prior majority requirement.
The Board stated that this change is intended to improve the company’s ability to hold stockholder meetings when they are called. The amendment is formalized as Amendment No. 1 to the bylaws and is attached as an exhibit to the report.
Functional Brands Inc. reported higher sales and a small profit in the third quarter of 2025 but still faces financial strain. Net revenue rose to $1,694,174 from $1,395,913, with gross profit improving to $978,350 as demand increased in its direct-to-consumer channel. A one-time Employee Retention Tax Credit refund of $491,801 was recorded in other income, helping the quarter deliver net income of $259,001 and diluted EPS of $0.04.
For the nine months ended September 30, 2025, revenue reached $5,116,963 and the net loss narrowed to $93,837. Cash increased to $1,005,324 and stockholders’ equity turned positive at $604,665, but the company still reported negative working capital of $1,491,727 and total liabilities of $7,628,876. Management stated these conditions raise “substantial doubt” about its ability to continue as a going concern without additional capital.
After quarter-end, Functional Brands completed a direct listing on the Nasdaq Capital Market under the symbol MEHA and closed a private placement of Series A and Series B preferred stock for gross proceeds of $8,000,000, while also settling a $2,212,366 acquisition-related payable.
Functional Brands Inc. furnished an update on its financial performance by issuing a press release with results for its third fiscal quarter ended September 30, 2025. The press release is included as Exhibit 99.1 to a current report, and the company specifies that this information is being provided for disclosure purposes only and is not deemed filed or incorporated into other securities law filings.