{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-020261","form_type":"8-K","ticker":"BOF","cik":"0001962481","company_name":"BranchOut Food Inc.","filed_at":"2024-05-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.321767+00:00","generated_at":"2026-06-01T21:49:36.176753+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"BranchOut Food signs 10-year lease for 50,000 sq ft Peru plant, buys $1.27M mortgage","bullets":["10-year lease for 50,000 sq ft Peru food processing plant; rent escalates from $8,000/month to $25,000/month.","Purchased $1.27M first-position mortgage on the facility; $275K paid, $992K due by Aug 10, 2024.","Purchase option to buy the facility for $1,865,456; also 10-year renewal option.","Company to use plant for dehydrated food manufacturing in Peru; may assign lease to new Peru branch."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-020261","json":"https://secwatch.observer/filing/0001493152-24-020261.json","markdown":"https://secwatch.observer/filing/0001493152-24-020261.md","text":"https://secwatch.observer/filing/0001493152-24-020261.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1962481/000149315224020261/0001493152-24-020261-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1962481/000149315224020261/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T21:49:36.176753+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7dc46c8121554cbd03fabd535db50c836c092bba","claim":"BranchOut Food Inc. entered into Assignment Of Credit and Substitution of Mortgagee with assignor valued at purchased a first position mortgage receivable in the amount of $1,267,000 for a purchase price of $ (effective 2024-05-10).","evidence_excerpt":"In connection with the Company’s lease of the Peru Facility, on May 10, 2024 the Company entered into a Assignment Of Credit and Substitution of Mortgagee (the “Assignment Agreement”), under which the Company purchased a first position mortgage receivable in the amount of $1,267,000, which is secured by the Peru Facility and was owed by the landlord of the Peru Facility to the assignor, for a purchase price of $1,267,000, of which $275,000 was paid by the Company to the assignor on May 10, 2024.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1962481/000149315224020261/0001493152-24-020261-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"assignor"},{"label":"Value","value":"purchased a first position mortgage receivable in the amount of $1,267,000 for a purchase price of $"},{"label":"Effective","value":"2024-05-10"}]},{"claim_id":"c88ea49851bd008e6963217f3652d826ca54e73a","claim":"BranchOut Food Inc. entered into Lease Agreement with landlord of Peru Facility valued at monthly lease payments of $8,000 in first two years, $20,000 in third year, $22,000 in fourth year, (effective 2024-05-10).","evidence_excerpt":"On May 10, 2024, BranchOut Food Inc. (the “Company”) entered into a Lease Agreement (the “Lease Agreement”) providing for the 10-year lease by the Company of a 50,000 square-foot food processing plant located in Peru (the “Peru Facility”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1962481/000149315224020261/0001493152-24-020261-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"lease"},{"label":"Counterparty","value":"landlord of Peru Facility"},{"label":"Value","value":"monthly lease payments of $8,000 in first two years, $20,000 in third year, $22,000 in fourth year,"},{"label":"Effective","value":"2024-05-10"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}