secwatch.observer — SEC 8-K summary
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Issuer:     BranchOut Food Inc. (BOF)
CIK:        0001962481
Form:       8-K
Filed at:   2024-05-24T23:59:59+00:00
Accession:  0001493152-24-021346
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BranchOut Food issues $150K senior secured note and warrant; aggregate $1.625M in notes outstanding
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- Sold $150,000 Senior Secured Promissory Note and warrant to purchase 37,500 shares to a single investor.
- Aggregate issued to date: $1,625,000 principal amount of Senior Notes and warrants for 418,750 shares.
- Notes mature Dec 31, 2024 (or earlier upon qualified financing/change of control), bear 15% interest, secured by substantially all assets.
- Warrants exercisable for 10 years at $2.00 per share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1962481/000149315224021346/0001493152-24-021346-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1962481/000149315224021346/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-021346

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