Highest-materiality recent filing
BranchOut Food receives $750k from warrant exercise; extends note maturity, cuts interest rate to 8%
Kaufman Kapital exercises warrant for 500,000 shares at $1.50, paying $750,000 cash to the company.
BranchOut Food records FY2025 rev ~$14M (+113% YoY); $1.5M loan, $500K note conversion
FY2025 net revenue ~$14M, +113% YoY; Q4 record $4.2M, +178% YoY.
Priced 1,034,600 common shares at $2.50/share to institutional investor Bard Associates, net proceeds ~$2.31M.
BranchOut Food reports record Q3 revenue ~$3.2M, YTD up 93%; notes payable cut 92%
Record production: 38,500 kg in Sept, $16M annualized run rate, reaching breakeven level.
BranchOut Food licenses EnWave tech exclusively for dragon fruit, buys $1.5M equipment
Secured global exclusive license (excl. Pacifico Snacks and Dole) for dragon fruit using EnWave tech; minimum $25k annual royalties from 2027.
BranchOut Food reports record June revenue of $1.7M, 27% gross margin, approaches breakeven EBITDA
Record June: ~$1.7M revenue, 27% gross margin; EBITDA would be positive excluding $150K one-time costs.
BranchOut Food enters warrant exercise and note amendment with Kaufman for $1M cash
Kaufman exercises warrant for 1M shares at $1.00, paying $1M cash by June 16, 2025.
BranchOut Food regains Nasdaq compliance after $1.8M ATM equity raise
Sold 928,602 shares under ATM agreement for gross proceeds of ~$1.795M.
Nasdaq notified BranchOut on Oct 10, 2024, that it did not meet extension terms to regain compliance with Listing Rule 5550(b)(1) (minimum stockholders' equity $2.5M).
BranchOut Food H1 revenue up 640%, expects $8M FY2024, Peru facility opening Oct
Net revenue H1 2024 $2.83M, up 640% from $440K in H1 2023.
BranchOut Food receives Nasdaq deficiency notice for bid price below $1.00
Nasdaq notice on Aug 12, 2024 for bid price below $1.00 for 30 consecutive business days.
BranchOut raises up to $3.4M via 12% convertible note; insiders buy $525K unit offering
Issued $2M initial loan under 12% Senior Secured Convertible Note; conversion at $0.7582 per share.
BranchOut Food secures up to $3.4M in convertible note financing and $525K insider unit offering
Enters SPA with Kaufman Kapital LLC for $2M initial advance under 12% secured convertible note due Dec 31, 2025.
BranchOut Food prices $1.4M follow-on offering of 1.75M shares at $0.80/share
Company sold 1,750,000 shares at $0.80 per share, gross proceeds ~$1.4M.
BranchOut Food raises $900k in senior secured notes and warrants; total $1.525M
Issued $900,000 in Senior Secured Promissory Notes and warrants for 225,000 shares to investors led by Eagle Vision Fund LP.
BranchOut Food signs 10-year lease for 50,000 sq ft Peru plant, buys $1.27M mortgage
10-year lease for 50,000 sq ft Peru food processing plant; rent escalates from $8,000/month to $25,000/month.
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.
Max materiality 0.90 · Median 0.65 · Most common event other_material