Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 1321

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 6
Chunk 1321
---
 Company’s IPO, were offset against the IPO
proceeds upon the closing of the Company’s IPO in June 2023.

Unit
Offering Sale of Common Stock and Warrants, Related Parties for the Year Ended December 31, 2024

On
July 15, 2024, the Company entered into Subscription Agreements (the “Subscription Agreements”) with three related parties,
consisting of Eric Healy, the Company’s Chief Executive Officer; Eagle Vision; and the Company’s President, pursuant to which
such investors agreed to purchase $525,000 of “Units” from the Company, each Unit consisting of (i) 100 shares of common
stock, and (ii) a warrant to purchase 125 shares of common stock over the following ten years at an exercise price of $1.00 per share,
at a purchase price per Unit equal to $75.82. The Company completed the sale of the Units to Eric Healy and the Company’s President
on July 23, 2024, and the sale of the Units to Eagle Vision on August 30, 2024, an affiliate of Mr. Dalfonsi, the Company’s CFO,
resulting in the issuance of an aggregate of 692,429 shares of common stock and warrants to purchase 865,536 shares of common stock.

    F-23

BRANCHOUT
                                            FOOD INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

Follow-on
Offering of Common Stock

On
June 26, 2024, the Company entered into an Underwriting Agreement (the “Underwriting Agreement”) with Alexander Capital,
L.P. as the Representative of the underwriters named therein (the “Representative” and such other Underwriters, the “Underwriters”),
relating to the issuance and sale by the Company to the Underwriters (the “Public Offering”) of 1,750,000 Shares (the “Shares”)
of common stock at a price to the public of $0.80 per share, less underwriting discounts and commissions. Pursuant to the Underwriting
Agreement, the Representative was granted an option (the “Over-Allotment Option”), for a period of 45 days, to purchase from
the Company up to 262,500 additional shares of common stock, at the same price per share, to cover over-allotments, if any.

Pursuant
to the Underwriting Agreement, the Company agreed to an