Funko (FNKO) Registration Filing summary

Company overview and business model

• Operates as a leading pop culture consumer products company, offering licensed figures, bags, apparel, collectibles, and digital products across multiple brands and categories.

• Focuses on connecting fans to their favorite content through innovative, stylized products at accessible price points.

• Expanding into sports, music, and video game fandoms, and diversifying with personalized and micro collectibles.

Financial performance and metrics

• As of June 30, 2025, 54,530,124 shares of Class A common stock and 647,833 shares of Class B common stock were outstanding.

• Historical net tangible book value as of June 30, 2025, was $(1.75) per share; after the offering, as adjusted, $(0.87) per share.

• Immediate dilution to new investors in the at-the-market offering is estimated at $4.47 per share at a $3.60 offering price.

Use of proceeds and capital allocation

• Net proceeds from the sale of securities will be used for general corporate purposes, including working capital.

• May also use proceeds to co-develop, acquire, or invest in complementary products, technologies, or businesses, though no current agreements exist.