debt
confidence high
sentiment neutral
materiality 0.50
BranchOut Food receives $1.4M additional advance under 12% convertible note; extends $1.2M note maturity to June 2025
BranchOut Food Inc.
- Received $1.4M additional advance from Kaufman Kapital under 12% convertible note; total principal of $3.4M fully drawn.
- Maturity of existing $1.2M August Note extended from December 2024 to June 30, 2025 in connection with the advance.
- Convertible note carries 12% interest rate and is secured by substantially all company assets.