Functional Brands Inc. reports that Leonite Fund I LP and Avi Geller jointly filed a Schedule 13G disclosing ownership of 2,289,424 shares of common stock. The filing states this equals approximately 8.8% of the outstanding common stock based on 25,986,67 shares outstanding. Leonite is the record owner; Mr. Geller is described as having sole voting and dispositive power over the shares held by Leonite and is deemed an indirect beneficial owner, while disclaiming beneficial ownership except to his pecuniary interest.
Positive
None.
Negative
None.
Insights
Joint 13G shows a substantial passive stake by Leonite and a reporting link to Avi Geller.
The filing lists 2,289,424 shares and an approximate 8.8% ownership figure based on the cited outstanding share count. The filing attributes record ownership to Leonite Fund I LP and voting/dispositive power to Avi Geller.
This is a passive ownership disclosure under Schedule 13G; subsequent filings could change the characterization if active involvement increases. Timing and any trading activity are not specified in the excerpt.
Key Figures
Shares beneficially owned:2,289,424 sharesPercent of class:8.8%CUSIP:360948103+1 more
4 metrics
Shares beneficially owned2,289,424 sharesAmount held by Leonite Fund I as stated in the filing
Percent of class8.8%Percent of outstanding common stock as stated in the filing
CUSIP360948103CUSIP number for Functional Brands common shares
Shares outstanding (as used)25,986,67 sharesOutstanding share count cited in the Schedule 13G
Key Terms
Schedule 13G, beneficially owned, Sole Dispositive Power
3 terms
Schedule 13Gregulatory
"This Schedule is being jointly filed by Leonite Fund I LP"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
beneficially ownedfinancial
"Amount beneficially owned: Leonite is the record owner of 2,289,424 shares"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole Dispositive Powerfinancial
"Sole Dispositive Power 2,289,424.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
FAQ
What stake did Leonite Fund I report in Functional Brands (MEHA)?
Leonite Fund I reported ownership of 2,289,424 shares of Functional Brands common stock. The filing states this represents approximately 8.8% of the company's outstanding shares based on the cited outstanding share count.
Why is Avi Geller named on the Schedule 13G for MEHA?
Avi Geller is named because he is the chief investment officer of Leonite and, per the filing, has sole voting and dispositive power over the shares held by Leonite. The filing also states he disclaims beneficial ownership except to his pecuniary interest.
Does the Schedule 13G indicate active control or voting intentions?
The Schedule 13G indicates record ownership by Leonite and voting/dispositive power attributed to Avi Geller; it is a passive disclosure form. The excerpt does not state any voting intentions, control actions, or plans to engage in active management.
What outstanding share count does the filing use to calculate the percentage?
The filing calculates the percentage using an outstanding share figure written as 25,986,67 shares of common stock. The percentage of 8.8% is presented in the Schedule 13G based on that stated outstanding count.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Functional Brands Inc.
(Name of Issuer)
Common Shares, $0.00001 par value per share
(Title of Class of Securities)
360948103
(CUSIP Number)
05/04/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
360948103
1
Names of Reporting Persons
Leonite Fund I, LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
2,289,424.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
2,289,424.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,289,424.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.8 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
360948103
1
Names of Reporting Persons
Avi Geller
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
NEW JERSEY
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
2,289,424.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
2,289,424.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,289,424.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.8 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Functional Brands Inc.
(b)
Address of issuer's principal executive offices:
8605 SANTA MONICA BLVD, WEST HOLLYWOOD, CALIFORNIA, 90069
Item 2.
(a)
Name of person filing:
This Schedule is being jointly filed by Leonite Fund I LP ("Leonite"), a Delaware limited partnership, and Avi Geller, an individual (each a "Reporting Person" and together, the "Reporting Persons").
(b)
Address or principal business office or, if none, residence:
The principal business address of each Reporting Person is 600 East Crescent Avenue, STE 104, Upper Saddle River, NJ 07458.
(c)
Citizenship:
Leonite is a Delaware limited liability company;Mr. Geller is a citizen of the United States of America (state of New Jersey).
(d)
Title of class of securities:
Common Shares, $0.00001 par value per share
(e)
CUSIP Number(s):
360948103
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Leonite is the record owner of 2,289,424 shares of common stock of the Issuer. Mr. Geller is the chief investment officer of Leonite and has sole voting and dispositive power over the shares held by it. As a result, Mr. Geller may be deemed to be an indirect beneficial owner of the shares held directly by Leonite. Mr. Geller disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
(b)
Percent of class:
The 2,289,424 shares of common stock represent approximately 8.8% of the Issuer's outstanding shares of common stock based on 25,986,67 shares of Common Stock outstanding.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
2,289,424
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
2,289,424
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
