BranchOut Food raises $2.5M in registered direct offering; October revenue record $1.7M ($20M annualized)

BranchOut Food Inc.

Priced 1,034,600 common shares at $2.50/share to institutional investor Bard Associates, net proceeds ~$2.31M.
October 2025 revenue of $1.7M, best month in company history, implying $20M annualized run rate.
Proceeds to fund scaling production, including fourth REV line installation, inventory build, and capex.
Offering closed Nov 14, 2025; underwriter discount 8.0%; representative warrant issued at $3.00 exercise price.
CEO cites transition from made-to-order to inventory-based production to support larger retail programs.

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