BranchOut Food Inc. Files 8-K: Material Agreement & Equity Sales
Ticker: BOF · Form: 8-K · Filed: May 24, 2024 · CIK: 1962481
| Field | Detail |
|---|---|
| Company | Branchout Food INC. (BOF) |
| Form Type | 8-K |
| Filed Date | May 24, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001, $150,000, $1,625,000, $2.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation, equity-sale
TL;DR
BranchOut Food Inc. just signed a new deal and sold some stock. Watch out for dilution!
AI Summary
BranchOut Food Inc. entered into a material definitive agreement on May 20, 2024, which involves a direct financial obligation. The company also reported on unregistered sales of equity securities and filed financial statements and exhibits. The filing details are for BranchOut Food Inc., incorporated in Nevada with its principal executive offices in Bend, Oregon.
Why It Matters
This filing indicates new financial obligations and potential dilution from equity sales, which could impact the company's financial health and stock value.
Risk Assessment
Risk Level: medium — The filing mentions a material definitive agreement creating a financial obligation and unregistered sales of equity, which can introduce financial risk and potential dilution.
Key Players & Entities
- BranchOut Food Inc. (company) — Registrant
- May 20, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- Bend, Oregon (location) — Address of principal executive offices
FAQ
What is the nature of the material definitive agreement entered into by BranchOut Food Inc. on May 20, 2024?
The filing states that BranchOut Food Inc. entered into a material definitive agreement on May 20, 2024, which created a direct financial obligation or an obligation under an off-balance sheet arrangement.
What type of financial obligation was created by the agreement?
The filing indicates the creation of a 'Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant'.
Were there any unregistered sales of equity securities reported?
Yes, the filing explicitly lists 'Unregistered Sales of Equity Securities' as an item of information.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on May 20, 2024.
What is the principal business address of BranchOut Food Inc.?
The principal executive offices of BranchOut Food Inc. are located at 205 SE Davis Avenue, Suite C, Bend, Oregon, 97702.
Filing Stats: 967 words · 4 min read · ~3 pages · Grade level 9.9 · Accepted 2024-05-24 16:05:32
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share BOF Nasdaq Capital Marke
- $150,000 — (the "Company") completed the sale of a $150,000 of Senior Secured Promissory Note ("Sen
- $1,625,000 — the Company has issued an aggregate of $1,625,000 in principal amount of Senior Notes, an
- $2.00 — ten-year period at an exercise price of $2.00 per share. The information set forth
Filing Documents
- form8-k.htm (8-K) — 44KB
- 0001493152-24-021346.txt ( ) — 215KB
- bof-20240520.xsd (EX-101.SCH) — 3KB
- bof-20240520_lab.xml (EX-101.LAB) — 33KB
- bof-20240520_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BranchOut Food Inc. Date: May 24, 2024 By: /s/ Eric Healy Eric Healy, Chief Executive Officer 3