DealsJul 1, 2026, 06:07 AM
Functional Brands Asset Purchase Agreement Terminated
AI Summary
Functional Brands Inc. announced the termination of its Asset Purchase Agreement with BullionFX. The agreement, previously disclosed on May 22, 2026, involved Functional Brands acquiring BullionFX's "Alchemy" gold-backed blockchain settlement platform. BullionFX elected to terminate the agreement on June 29, 2026, meaning the transaction will not be completed.
Key Highlights
- Asset Purchase Agreement with BullionFX terminated.
- Functional Brands was to acquire BullionFX's "Alchemy" blockchain platform.
- Consideration was 100,000 shares of Series D Convertible Preferred Stock.
- BullionFX, the seller, elected to terminate the agreement.
- Termination became effective on June 29, 2026.
Price Impact
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