EVERETT, Wash.--(BUSINESS WIRE)–Funko, Inc. (Nasdaq: FNKO), a leading pop culture lifestyle brand, today announced that it has agreed to resolve derivative claims asserted on the company’s behalf and for the company’s benefit in multiple stockholder derivative lawsuits filed in the United States District Court for the Central District of California and the Court of Chancery of the State of Delaware.

On July 26, 2024, the Court entered an order preliminarily approving the settlement terms and providing for the notice of the settlement terms to be made to Funko stockholders. The settlement terms are subject to final approval by the Court, and the Court has scheduled a hearing for November 15, 2024 at 1:30 p.m. Pacific Time at the First Street Courthouse, Courtroom 9B, 9^th Floor, Los Angeles, CA 90012, to consider approval of the settlement terms. Stockholders have the right to object to the settlement terms. The deadline for stockholders to submit an objection to the settlement terms is October 17.

Upon final approval by the Court, the settlement will fully resolve the derivative actions. Further information can be found in the Summary Notice attached hereto as an Exhibit.

ABOUT FUNKO:

Headquartered in Everett, Washington, Funko is a leading pop culture lifestyle brand. Funko designs, sources and distributes licensed pop culture products across multiple categories, including vinyl figures, action toys, plush, apparel, housewares and accessories for consumers who seek tangible ways to connect with their favorite pop culture brands and characters. Learn more at www.funko.com, and follow us on X (@OriginalFunko) and Instagram (@OriginalFunko).