Functional Brands, Inc. Common Stock

Amaze Holdings has signed a binding letter of intent to acquire BullionFX's assets, including its Alchemy platform, in an all-stock deal valued at approximately $155 million. BullionFX develops gold-backed digital-asset and decentralized finance infrastructure, and its Alchemy platform supports gold-linked payments, lending, borrowing, yield products, cross-chain interoperability and an Ethereum-based Layer 2 network, with its $GOLD token designed to be backed one-to-one by vaulted physical gold held by independent custodians. The deal marks BullionFX's second buyout attempt this year, after Functional Brands planned to buy the same assets for around $140 million in May 2026, a deal that fell through in late June. Amaze, whose market cap was a little over $5 million as of Monday's close, would issue a significant amount of common stock to BullionFX, potentially diluting existing shareholders, and after closing plans to prioritize Alchemy's self-custody retail wallet and proprietary yield engines while pursuing a listed Stable Asset Treasury vehicle for gold and U.S. dollars subject to regulatory approvals. Interim CEO Joel Krutz said crypto's renewed momentum and gold's enduring role as a store of value have opened a rare window for infrastructure built on both, adding that bringing Alchemy into the public markets can create meaningful long-term value for stockholders. The LOI contains certain binding provisions, but definitive agreements still need to be negotiated, with final terms subject to due diligence, regulatory review, approval by both boards and other customary closing conditions.