secwatch.observer — SEC 8-K summary
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Issuer:     BranchOut Food Inc. (BOF)
CIK:        0001962481
Form:       8-K
Filed at:   2024-04-16T23:59:59+00:00
Accession:  0001493152-24-014830
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.03, 3.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BranchOut Food receives Nasdaq delisting notice; issues $225K notes at 15% interest
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- Stockholders' equity of $2.21M as of Dec 31, 2023 below Nasdaq's $2.5M minimum; compliance plan due May 28, 2024.
- Sold $225K Senior Secured Notes at 15% p.a., maturing Dec 31, 2024 or upon qualified financing/change of control.
- Warrants for 56,250 shares at $2.00 exercise price, 10-year term; aggregate facility increased from $400K to $2M.
- Paid $46,290 to January investors plus 100,000 warrants; up to $80K to EagleVision Fund (affiliate of CFO/Director John Dalfonsi) for services.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1962481/000149315224014830/0001493152-24-014830-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1962481/000149315224014830/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-014830

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