| 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: |
Available only to Subscribers |
| Lock-Up Period Expiration Date: |
Available only to Subscribers |
| SCOOP Rating |
Available only to Subscribers |
| Rating Change |
Available only to Subscribers |