debt
confidence high
sentiment neutral
materiality 0.55
BranchOut Food borrows additional $750k from Kaufman, total debt $3M at 8% due Jan 2027
BranchOut Food Inc.
- Borrowed additional $750,000 from Kaufman Kapital, bringing total principal to $3,000,000 under Second Amended Restated Note.
- Note matures Jan 28, 2027, bears 8% interest per annum, secured by substantially all company assets.
- Proceeds used for working capital to produce customer orders.
- Convertible note amended to cap Kaufman's beneficial ownership at 9.99% after conversion.
item 1.01item 2.03item 9.01