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BranchOut Food Inc. Announces $3.925M CEO-led Investment Including an Insider PIPE and Convertible note
Newsfilter· 2024-07-24 11:00
BranchOut Food is currently filling orders valued at over $8 million from some of the country's largest retailers but has turned down additional orders in the trailing twelve months as it awaits the new factory opening. Eric Healy, CEO of BranchOut Food, said: "We believe BranchOut is at its inflection point. This capital will allow us to complete the construction of our large-scale production factory in Peru, giving us the capacity to manufacture our orders with significantly improved margins and control. ...
BranchOut Food Announces Closing of $1.4 Million Follow-On Public Offering
Prism Media Wire· 2024-06-28 16:06
BEND, OR, June 28, 2024 – BranchOut Food Inc. (NASDAQ: BOF), ("BranchOut" or the "Company"), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced the closing of its underwritten public offering of 1,750,000 shares of common stock at a public offering price of $0.80 per share. The gross proceeds from the offering, before underwriting discounts and commissions and estimated offering expenses payable by the Company, are approximately $1,400,000. In ad ...
BranchOut Food Announces Closing of $1.4 Million Follow-On Public Offering
Newsfilter· 2024-06-28 16:00
The securities described above were offered by BranchOut pursuant to a registration statement on Form S-1, as amended (File No. 333-280428) that was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on June 26, 2024. The offering was made only by means of a prospectus forming a part of the effective registration statement. A copy of the final prospectus related to the offering may be obtained from Alexander Capital L.P., 10 Drs James Parker Boulevard #202, Red Bank, New Jersey 07 ...
Why Is Branchout Food (BOF) Stock Down 39% Today?
Investor Place· 2024-06-27 12:26
This has Branchout Food offering investors 1.75 million shares of BOF stock for 80 cents each. That has the company expecting to raise gross proceeds of $1.4 million from the offering. What This Means for BOF Stock BOF stock is down 38.9% as of Thursday morning. More Thursday Stock Market News On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject ...
BranchOut Food Announces Nation's Largest Retailer Increases Third Contract to Approximately $1M Annually, Triples Original Commitment
Prism Media Wire· 2024-06-27 12:02
BranchOut Food Announces Nation's Largest Retailer Increases Third Contract to Approximately $1M Annually, Triples Original Commitment BEND, Ore., June 27, 2024 — BranchOut Food Inc. (NASDAQ: BOF), a pioneering food technology company and producer of dehydrated fruit and vegetable-based products, today announced that the nation's largest retailer has increased the store count and overall projected sales of its third contract with BranchOut Food. The new third contract now has a value of approximately $1 mil ...
BranchOut Food Prices $1.4 Million Follow-On Public Offering
Prism Media Wire· 2024-06-27 00:50
Company Overview - BranchOut Food Inc. is a leading food technology company specializing in dehydrated fruit and vegetable-based products, protected by over 17 patents [11]. Offering Details - The company announced a public offering of 1,750,000 shares of common stock at a price of $0.80 per share, expecting gross proceeds of approximately $1,400,000 before underwriting discounts and commissions [3][4]. - The underwriters have a 45-day option to purchase up to 262,500 additional shares at the public offering price [3]. Use of Proceeds - The net proceeds from the offering will be used for working capital and general corporate purposes, including operating expenses and capital expenditures [4]. Closing Information - The offering is expected to close on or about June 28, 2024, subject to customary closing conditions [9].
BranchOut Food Prices $1.4 Million Follow-On Public Offering
Newsfilter· 2024-06-27 00:46
BranchOut Food Prices $1.4 Million Follow-On Public Offering This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance ...
BranchOut Food Ships First Production of New, Innovative Products to Nation's Largest Retailer, Initiating Second of Three Existing Contracts Totaling $8M
Prism Media Wire· 2024-06-26 12:34
BranchOut Food Ships First Production of New, Innovative Products to Nation's Largest Retailer, Initiating Second of Three Existing Contracts Totaling $8M BranchOut Food contracts with the retailer now total approximately $8 million in annualized revenue New dried vegetable offerings have shipped ahead of a nationwide launch in July 2024 BEND, Ore., June 26, 2024 — BranchOut Food Inc. (NASDAQ: BOF), a leading food technology company specializing in dehydrated fruit and vegetablebased products, today announc ...
BranchOut Food Ships First Production of New, Innovative Products to Nation's Largest Retailer, Initiating Second of Three Existing Contracts Totaling $8M
Newsfilter· 2024-06-26 12:30
New dried vegetable offerings have shipped ahead of a nationwide launch in July 2024 Eric Healy, CEO of BranchOut Food, said, "We are excited to continue growing our relationship as a trusted partner to this large, brand-name retailer. In addition to the products shipped this month, the retailer has asked BranchOut Food to develop a number of additional flavored variations of the products that it will review for future opportunities. We look forward to potentially increasing our item count on shelves with t ...
BranchOut Food Enters the $300 Billion Industrial Food Ingredients Market
Prism Media Wire· 2024-06-25 12:30
Industrial food ingredients expected to be a valuable additional commercialization channel BranchOut Food will showcase its products and services at the ITF Annual Expo in July 2024 Since 1939, the Institute of Food Technologists (IFT) has been a forum for passionate science of food professionals and technologists to collaborate, learn, and contribute all with the goal of inspiring and transforming collective scientific knowledge into innovative solutions for the benefit of all people around the world. As a ...