Functional Brands Inc. has entered into an Exchange Agreement with several investors to exchange its Series A and Series B Convertible Preferred Stock for new Series C Convertible Preferred Stock, cash, and common stock. The total consideration for the exchange is valued at approximately $8.38 million, which includes $6.03 million in Series C Preferred, $900,000 in cash, and 5.19 million shares of common stock. This strategic move aims to enhance liquidity and strengthen the company's capital structure.

Press Release distribution

National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.