other material
confidence high
sentiment neutral
materiality 0.60
BranchOut Food prices $1.4M follow-on offering of 1.75M shares at $0.80/share
BranchOut Food Inc.
- Company sold 1,750,000 shares at $0.80 per share, gross proceeds ~$1.4M.
- Net proceeds approximately $940,000 after underwriting discounts and expenses.
- Underwriters granted 45-day option to purchase up to 262,500 additional shares.
- Representative's Warrant issued for 100,625 shares at $0.96 per share, exercisable from Dec 23, 2024 to June 26, 2029.
- Proceeds to be used for working capital and general corporate purposes.