litigation
confidence high
sentiment neutral
materiality 0.65
BranchOut settles former CFO lawsuit for $303,390 cash plus 57,600-share warrant
BranchOut Food Inc.
- Pays former CFO Doug Durst $247,500 (initial $147,500, then five $20,000 monthly installments).
- Pays Durst's affiliate Chase Innovations $55,890 for outstanding invoices.
- Issues Durst a warrant to purchase 57,600 shares at $4.11 (or lower of $4.125 or market price).
- Lawsuit (King County, WA) alleging breach of contract and wage claims dismissed with prejudice.
- Parties exchange general releases; settlement includes confidentiality of consideration.