BranchOut Food Inc. Files 8-K on Financial Obligations
Ticker: BOF · Form: 8-K · Filed: Dec 13, 2024 · CIK: 1962481
Sentiment: neutral
Topics: financial-obligation, 8-k
TL;DR
BranchOut Food Inc. just filed an 8-K about a new financial obligation. Keep an eye on this.
AI Summary
BranchOut Food Inc. filed an 8-K on December 13, 2024, reporting a direct financial obligation or an obligation under an off-balance sheet arrangement. The filing date for this report is December 9, 2024, and it pertains to events occurring on the same date. The company is incorporated in Nevada and its principal executive offices are located in Bend, Oregon.
Why It Matters
This filing indicates a new financial commitment or arrangement for BranchOut Food Inc., which could impact its financial health and future operations.
Risk Assessment
Risk Level: medium — Filings related to financial obligations can signal potential changes in a company's financial stability or operational strategy.
Key Players & Entities
- BranchOut Food Inc. (company) — Registrant
- December 9, 2024 (date) — Earliest event reported
- December 13, 2024 (date) — Filing date
- Nevada (jurisdiction) — State of incorporation
- Bend, Oregon (location) — Principal executive offices
FAQ
What specific type of financial obligation is BranchOut Food Inc. reporting?
The filing indicates a 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement' but does not specify the exact nature of the obligation within the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on December 9, 2024.
What is the filing date of this 8-K report?
The filing date of this 8-K report is December 13, 2024.
Where are BranchOut Food Inc.'s principal executive offices located?
BranchOut Food Inc.'s principal executive offices are located at 205 SE Davis Avenue, Bend, Oregon, 97702.
In which U.S. state is BranchOut Food Inc. incorporated?
BranchOut Food Inc. is incorporated in Nevada.
Filing Stats: 660 words · 3 min read · ~2 pages · Grade level 11.7 · Accepted 2024-12-13 16:05:18
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share BOF Nasdaq Capital Marke
- $2,000,000 — d Inc. (the "Company") in the amount of $2,000,000 under a 12% Senior Secured Convertible
- $3,400,000 — y Note in the principal amount of up to $3,400,000 (the "Convertible Note"). On December 9
- $1,400,000 — fman advanced the Company an additional $1,400,000 under the Convertible Note (the "Additi
- $1,200,000 — missory Note in the principal amount of $1,200,000 (the "August Note") issued by the Compa
Filing Documents
- form8-k.htm (8-K) — 41KB
- 0001493152-24-049986.txt ( ) — 213KB
- bof-20241209.xsd (EX-101.SCH) — 3KB
- bof-20241209_lab.xml (EX-101.LAB) — 33KB
- bof-20241209_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 4KB
03
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. As previously reported, on July 24, 2024, Kaufman Kapital LLC ("Kaufman") made an initial advance to BranchOut Food Inc. (the "Company") in the amount of $2,000,000 under a 12% Senior Secured Convertible Promissory Note in the principal amount of up to $3,400,000 (the "Convertible Note"). On December 9, 2024, Kaufman advanced the Company an additional $1,400,000 under the Convertible Note (the "Additional Advance"). In connection with the Additional Advance, the Company and Kaufman entered into an amendment to the Senior Secured Promissory Note in the principal amount of $1,200,000 (the "August Note") issued by the Company to Kaufman on August 29, 2024, pursuant to which the maturity date of the August Note has been deferred to June 30, 2025. Prior to such amendment, the August Note matured on the earlier of December 31, 2024 and the making of the Additional Advance. The information set forth above is qualified in its entirety by reference to the actual terms of the Convertible Note and August Note, which have been filed as Exhibits 4.1 and 10.1, respectively, to this Current Report on Form 8-K, and which are incorporated herein by reference. Item 9.01. Financial Statements and Exhibits. (d) Exhibits . Exhibit 4.1 12% Senior Secured Convertible Promissory Note of the Company in the principal amount of up to $3,400,000, dated July 23, 2024, issued to Kaufman Kapital LLC (incorporated by reference to Exhibit 4.1 of the Form 8-K filed by the Company with Securities and Exchange Commission on July 29, 2024) Exhibit 10.1 Senior Secured Promissory Note of the Company in the principal amount of $1,200,000, dated August 29, 2024, issued to Kaufman Kapital LLC (incorporated by reference to Exhibit 10.1 of the Form 8-K filed by the Company with Securities and Exchange Commission on August 30, 2024) Exhibit 104 Cover Page Interact
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities 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: December 13, 2024 By: /s/ Eric Healy Eric Healy, Chief Executive Officer 3