Functional Brands Inc. 8-K

What Happened Functional Brands Inc. (MEHA) filed an 8-K on June 15, 2026 announcing that Nasdaq’s Listing Qualifications Department issued a Staff Determination to delist the company’s common stock under Nasdaq’s Low Priced Stocks Rule (Rule 5810(c)(3)(A)(iii)). Nasdaq stated the stock had a closing bid of $0.10 or less for 10 consecutive trading days as of June 8, 2026, triggering the delisting determination. Nasdaq also notified the company that trading of the common stock will be suspended at the opening of business on June 16, 2026 and that a Form 25‑NSE will be filed to remove the listing and registration.

Key Details

• On December 30, 2025 Nasdaq had previously notified the company that its closing bid was below $1.00 for 30 consecutive business days and gave a 180‑day compliance period (until June 29, 2026).
• Nasdaq’s Staff Determination was issued because the stock closed at $0.10 or less for 10 consecutive trading days as of June 8, 2026, invoking the Low Priced Stocks Rule.
• The company may request a hearing before the Nasdaq Hearings Panel to appeal the determination; a hearing request and a non‑refundable $20,000 fee must be submitted by 4:00 p.m. Eastern on June 16, 2026.
• A timely hearing request will not prevent the trading suspension (per Nasdaq Listing Rule 5815(a)(1)(B)(ii)(e)). The company issued a press release on June 15, 2026 disclosing the action (Exhibit 99.1).

Why It Matters Delisting and a trading suspension can significantly reduce liquidity and limit investors’ ability to buy or sell the stock on Nasdaq. The company can appeal, but the appeal does not stop the immediate suspension of trading; there is no assurance an appeal or subsequent action will restore Nasdaq listing. Retail investors should be aware of the suspension date (June 16, 2026), monitor company announcements, and consider the potential impact on share tradability and marketability.