Functional Brands Inc. 8-K

What Happened

• Functional Brands Inc. (MEHA) filed an 8-K reporting that the Asset Purchase Agreement with BullionFX to acquire certain assets, including the “Alchemy” gold‑backed blockchain settlement platform, has been terminated.
• The agreement was originally disclosed on May 22, 2026; BullionFX elected to terminate the Asset Purchase Agreement effective June 29, 2026, and the contemplated transactions will not be consummated.

Key Details

• Seller: BullionFX; asset: Alchemy gold‑backed blockchain settlement platform.
• Consideration that would have been paid: 100,000 shares of Functional Brands’ Series D Convertible Preferred Stock (as previously disclosed).
• Effective termination date: June 29, 2026.
• Original Asset Purchase Agreement was filed as Exhibit 2.1 to Functional Brands’ Form 8-K on May 22, 2026.

Why It Matters

• The company will not acquire the Alchemy platform and will not issue the 100,000 Series D preferred shares tied to that deal, which affects the previously disclosed growth/asset plan.
• Investors should note this is a formal termination of the transaction; any strategic or financial effects depend on the company’s future actions (e.g., alternative acquisitions or partnerships), which are not detailed in this filing.