Formerly,

INVESTOR UPDATE

November 2024

IPO UPDATE

During the last update, we provided a progress report about the requirement to complete a PPA and impairment analysis, which was required to update the balance sheet and financials. As mentioned, this work was completed by our new auditor TAAD, (https://taadllp.com). In addition, they reviewed all the 2022 and 2023 financials, and they have provided their consent letter for us to refile the S1 with the SEC. This was another requirement for the SEC.

Lucosky Brookman, (https://www.lucbro.com), updated the revised S1 document and circulated to our entire internal working group, which includes financial consultants, TAAD, Exchange Listing (IPO specialists), Lucosky Brookman, Joseph Gunnar (our investment banker) and their respective underwriter for review. This review step has also been completed.

After the extensive review process, the S1 has been refiled with the SEC on Thursday, October 24, 2024, and we received SEC receipt confirmation. As mentioned, we expect the SEC to take 30 days to review the updated S1, and we are expecting some questions and comments. At that time, we will review their respective questions and comments and respond. We do expect this process to take two-three months, which is very difficult to determine, but we will be pushing quickly to shorten the timeline. We are expecting fewer questions based on the extensive financial review.

We have also started the NASDAQ application process. We thank you for your patience, understanding and investment. Please feel free to reach out if you have any questions.

CONCLUSION

We continue to work diligently through the required SEC process. We feel very good about our progress, and we look forward to providing another update in the near future. Again, we truly thank you for your patience, understanding and investment.

Please feel free to reach out if you have any questions.

Thank you and please feel free to reach out if you have any questions.

Sincerely,

The Team at Functional Brands Inc

invest@functionalbrandsinc.com

investor@functionalbrandsinc.om