secwatch.observer — SEC 8-K summary
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Issuer:     BranchOut Food Inc. (BOF)
CIK:        0001962481
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0001493152-24-020261
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BranchOut Food signs 10-year lease for 50,000 sq ft Peru plant, buys $1.27M mortgage
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1962481/000149315224020261/0001493152-24-020261-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1962481/000149315224020261/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-020261

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