secwatch.observer — SEC 8-K summary
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Issuer:     BranchOut Food Inc. (BOF)
CIK:        0001962481
Form:       8-K
Filed at:   2024-05-20T23:59:59+00:00
Accession:  0001493152-24-020667
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BranchOut Food raises $900k in senior secured notes and warrants; total $1.525M
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- Issued $900,000 in Senior Secured Promissory Notes and warrants for 225,000 shares to investors led by Eagle Vision Fund LP.
- Notes bear 15% interest, mature Dec 31, 2024, secured by substantially all assets; warrants exercisable at $2.00/share for 10 years.
- Aggregate senior notes issued to date: $1,525,000; warrants for 381,250 shares.
- Eagle Vision received $177,500 in fees plus $20,000 legal fees; related party: affiliate of director/CFO John Dalfonsi.
- First Amendment to Subscription Agreement ups offering cap from $400k to $2M and modifies interest terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1962481/000149315224020667/0001493152-24-020667-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1962481/000149315224020667/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-020667

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer