Functional Brands (Direct Listing)

General Information
Business:

Note: This is NOT an IPO. This is a Direct Listing of Functional Brands’ stock on the NASDAQ. Joseph Gunnar served as the financial advisor.

(Incorporated in the Cayman Islands)

We produce wellness and performance products, including prenatal supplements..

Functional Brands Inc. is powered by Kirkman®, a legacy brand with over 75 years of trust from families and practitioners across 35+ countries. With an FDA-registered, cGMP-compliant manufacturing facility right here in the United States, Kirkman has built a reputation for consistent growth, strong margins, and a solid foundation for expansion.

From the prospectus: “No public market for our common stock currently exists, and our shares of common stock have a limited history of trading in private transactions. From inception through December 31, 2024, we raised an aggregate of approximately $3,237,683 in gross proceeds from the sales of our stock at an average price of $1.28 per share.”

Note: Net loss and revenue are for the 12 months that ended June 30, 2025.

(Note: Functional Brands Inc. went public through a Direct Listing of its stock on the NASDAQ on Nov. 5, 2025, when its stock started trading at $8.00 a share, according to NASDAQ. In the prospectus, Functional Brands Inc. registered the resale of up to 17.88 million shares for the Direct Listing. If the authorized 17.88 million shares were sold at the $8.00 opening price, the NASDAQ Direct Listing would have raised about $143 million.)

 

Industry: Health & Wellness Supplements
Employees: 33
Founded: 1949
Contact Information
Address Lake Oswego, Oregon
Phone Number
Web Address https://functionalbrandsinc.com/
View Prospectus: Functional Brands (Direct Listing)
Financial Information
Market Cap
Revenues $6.5 mil (last 12 months)
Net Income $-0.91 mil (last 12 months)
IPO Profile
Symbol MEHA
Exchange NASDAQ
Shares (millions): 0.0
Price range $8.00 - $8.00
Est. $ Volume $0.0 mil
Manager / Joint Managers Joseph Gunnar & Co. (Financial Advisor)
CO-Managers
Expected To Trade: 11/5/2025
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change