Functional Brands (MEHA) shareholders approve reverse stock split up to 1:250 ratio

Filed June 2, 2026 · Period ending June 1, 2026 · ~1 min read

Key Changes

• high

  Shareholders approved a reverse stock split at any ratio from 1:2 to 1:250, giving the Board discretion to execute within one year. This typically aims to boost share price for exchange compliance but proportionally reduces share count without changing market value.

  Item 5.07 verify on EDGAR →
• medium

  A new 2026 equity incentive plan was approved, allowing stock-based compensation grants to employees, directors, and consultants. This will dilute existing shareholders but is standard for talent retention.

  Item 5.07 verify on EDGAR →
• low

  Only 35.93% of eligible shares participated in the special meeting, meaning a small minority of total shareholders determined both outcomes despite meeting quorum requirements.

  Item 5.07 verify on EDGAR →