BranchOut raises up to $3.4M via 12% convertible note; insiders buy $525K unit offering

BranchOut Food Inc.

Issued $2M initial loan under 12% Senior Secured Convertible Note; conversion at $0.7582 per share.
Warrants to investor: 1M shares at $1.00 and 500K at $1.50, exercisable until Dec 31, 2025.
Senior Note holders amended: exercise price cut to $1.00, maturity extended to Dec 2025, principal deferred.
Insider unit offering closed: 560,538 shares + 700,672 warrants at $1.00; CEOs, CFO affiliate, President participate.
Deven Jain (Kaufman Kapital analyst) appointed director effective July 24, 2024.

item 1.01 item 2.03 item 3.02 item 5.02 item 9.01

Executive movements

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Appointed

Deven Jain

director

BOF · BranchOut Food Inc.

Effective: 2024-07-24
Filed: July 29, 2024, 7:59 PM ET

On July 24, 2024, in connection with the closing of the sale of the Purchased Securities under the SPA, Deven Jain was appointed to serve as a director of the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Deven Jain was appointed as director at BranchOut Food Inc..

Action: appointed
Role: director

Exact text from the filing

On July 24, 2024, in connection with the closing of the sale of the Purchased Securities under the SPA, Deven Jain was appointed to serve as a director of the Company.

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BranchOut Food Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-029419

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