Funko, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Funko, Inc. on August 14, 2025. The filing discloses the entry into a material definitive agreement regarding the company's capital structure and shareholder rights.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a contractual amendment and does not contain financial performance data.
Material Changes
On August 14, 2025, Funko, Inc. and its largest stockholder, TCG Fuji 3.0, LP ("TCG"), entered into an amendment to their existing Stockholders Agreement dated May 3, 2022. The amendment modifies the "Consent Rights" held by TCG, which currently require TCG's approval for certain corporate actions if TCG Related Parties beneficially own 22% or more of the company's Class A common stock. The new agreement excludes up to $40 million of shares issued by the Company in at-the-market offerings from the calculation of this 22% beneficial ownership threshold.
Guidance, Outlook, and Risks
The amendment is intended to facilitate potential future sales under at-the-market offerings. The filing does not provide specific financial guidance, management commentary on operational outlook, or a discussion of general business risks beyond the context of the shareholder agreement. The full text of the Amendment is attached as Exhibit 10.1.
Investor Verification Checklist
- Verify the full terms of the Amendment to the Stockholders Agreement in Exhibit 10.1.
- Confirm the current beneficial ownership percentage of TCG and its affiliates to assess the immediate impact of the $40 million exclusion.
- Review the company's existing at-the-market offering plans to understand the potential volume of future share issuances.
- Check subsequent filings for any actual issuances of Class A common stock under the amended terms.