Functional Brands shares rise 23.08% intraday due to Q3 earnings report on Dec 15 and $8M private placement on Nov 4.

think> Okay, let's see. The user wants me to transform the given text into a concise news headline following specific rules. First, I need to identify the company name, which is "Functional Brands." The percentage change is 23.07692308%, so I have to round that to two decimal places, which would be 23.08%. The time period is intraday. Now, the reason for the price movement is mentioned in two points: the Q3 earnings report on December 15, 2025, and the $8 million private placement on November 4, 2025, which provided $7.36 million in net proceeds. I need to combine these into a brief reason. The user's example uses a structure where the company announces the subsidiary's action, so here it's the company announcing the Q3 results and the financing. I should make sure the company name stays unchanged. The time period is intraday. The percentage is correctly rounded. The key points are the Q3 report and the financing. Need to present these concisely. Also, the example uses "announcing that" so maybe "announced that" here. Also, the example includes the subsidiary's action, but here it's the company itself. So the structure would be: Company surged X% intraday, with the company announcing... then the two points. Wait, the example's second sentence is a continuation. So maybe the first sentence is the headline with the reason, and the second is more details. But the user's example has the company's focus in the second paragraph. However, the user's instruction says "a brief reason for the price movement," so maybe just mention both events in the first sentence. But the example only mentions one reason. Hmm, maybe combine the two reasons into one. Wait, the example's input had the subsidiary signing an agreement, and the output mentions that in the first sentence. Then the second sentence explains the company's focus. So here, the two reasons are the Q3 report and the financing. So in the first sentence, after the percentage and time period, the reason would be "announcing the release of its Q3 earnings report on December 15, 2025, and completing an $8 million private placement on November 4, 2025, providing $7.36 million in net proceeds for operations." But maybe that's too long. The example's first sentence is concise. Let me check the example again. The example's first sentence is: "Pineapple Energy Inc. surged 4.23% in premarket trading, with the company announcing that its SunAtion subsidiary has signed an agreement to construct a 1.95MW project in New York City." Then the next paragraph gives more details. So perhaps here, the first sentence should mention the two reasons briefly, and then the second sentence can elaborate. So the first part would be "Functional Brands surged 23.08% intraday, with the company announcing the release of its Q3 earnings report on December 15, 2025, and the completion of an $8 million private placement on November 4, 2025, which provided $7.36 million in net proceeds for operations." Then, maybe a second sentence explaining the company's focus if needed, but the original input doesn't mention the company's focus. The example includes it in the second paragraph. However, the user's input here doesn't have that information. So perhaps just one sentence. Wait, the user's example has two paragraphs. The first is the headline with the reason, and the second is the company's focus. But the current input doesn't provide information about the company's focus. So maybe just one paragraph. Let me check the example again. The example's input includes the company's description, and the output includes that in the second paragraph. Here, the input doesn't have that. So the output should only include the first part. Therefore, the final headline should be: "Functional Brands surged 23.08% intraday, with the company announcing the release of its Q3 earnings report on December 15, 2025, and the completion of an $8 million private placement on November 4, 2025, which provided $7.36 million in net proceeds for operations." I need to make sure the numbers are correctly formatted. The percentage is 23.08%, the time period is intraday. The two reasons are the Q3 report and the private placement. The dates are in the correct format. The amounts are in USD. The example uses "announcing that" so here it's "announcing the release... and the completion..." That should be okay. I think that's all. Let me double-check the rules: company name unchanged.