Funko IPO $14.75M Securities Class Action Settlement

If you purchased or otherwise acquired Funko, Inc. ("Funko") common stock pursuant to or traceable to the Registration Statement and Prospectus issued in connection with Funko's Initial Public Offering ("IPO") on November 1, 2017, you may be eligible to submit a claim forapproximately $0.57 to $0.91 per share from a class action settlement.

Funko, Inc. has agreed to pay $14.75 million to settle a class action lawsuit alleging that the company issued false and misleading statements in its IPO documents, violating the Securities Act of 1933.

Who is eligible for a Funko payout

• You purchased or acquired Funko common stock either directly in the IPO on November 1, 2017, or shortly thereafter.
• Your Funko common stock shares can be traced back to the IPO registration statement and prospectus.

How much is the class action settlement payment?

Payout amount will be determined by the following:

• The total number of shares you purchased.
• The timing of your purchases and sales of Funko stock.
• The number valid claims are submitted.

After deducting attorneys' fees, litigation expenses, and administrative costs, the estimated average recovery is approximately $0.57 per share.

How to claim a securities class action payout

To receive a settlement payment, class members must submit a valid claim. You can file a claim online or print the PDF claim form, tocomplete and mail to the settlement administrator.

Settlement Administrator's mailing address: Funko Securities Settlement, c/o A.B. Data, Ltd., P.O. Box 173109, Milwaukee, WI 53217.

The claim form deadline is July 2, 2025.

Is proof required to submit a claim?

Yes, class members must provide supporting documentation showing transactions in Funko common stock:

• Brokerage statements
• Trade confirmations
• Records showing purchase quantities, prices, and sale dates

Payment options

Approved claimants will receive a check mailed to the address provided on claim form.

$14.75 Million Funko settlement fund breakdown

The settlement fund of $14,750,000 will cover:

• Attorneys' fees: Up to $4,916,667
• Attorneys' litigation expenses & class representative awards: Up to $500,000.
• Settlement administration costs: $550,000 or more
• Payments to approved claimants: Remaining settlement balance after deductions

Important dates

• Fairness Hearing: June 6, 2025.
• Deadline to File a Claim: July 2, 2025.

When is the Funko Securities class action settlement payout date?

The court has scheduled a fairness hearing for June 6, 2025. Claims will be processed and payments will be issued to class members with valid claims after the judge grants final approval to the settlement and any appeals are resolved.

Why was Funko sued in a class action lawsuit?

The lawsuit alleged that Funko made false and misleading statements in its IPO documents, specifically regarding its sales practices, inventory management, and financial prospects, which were claimed to violate the Securities Act of 1933. Funko denies any wrongdoing but agreed to settle to avoid continued litigation expenses.

Sources

1. Official Settlement Website: Funko Securities Settlement
2. Class Notice Document
3. Claim Form Instructions