Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 432

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 432
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4,
we may be subject to delisting.

As
of December 31, 2024, we were again not in compliance with the Rule, with stockholders’ equity of $2,341,583 as reported in this
Annual Report on Form 10-K. However, as a result of the sale of 1,303,115 additional shares of
our common stock under the ATM Agreement following December 31, 2024 for net proceeds of approximately $2.4 million, as of the date of
filing this Annual Report on Form 10-K, the Company believes it has regained compliance with the Rule. However, Nasdaq will continue
to monitor the Company’s ongoing compliance with the stockholders’ equity requirement and, if at the time of its next periodic
report the Company does not evidence compliance, it may be subject to delisting. A delisting would likely have a negative effect on the
price of our common stock and may impair the ability of our stockholders to sell our stock.

 7 

We
may need to raise additional capital to fund our existing commercial operations and develop and commercialize new products and expand
our operations.

If
our available cash balances, net proceeds from financing activities, and anticipated cash flow from operations are insufficient to satisfy
our liquidity requirements, we may seek to sell common stock or other securities, and/or seek additional debt financing.

We
may consider raising additional capital in the future to expand our business, to pursue strategic investments, to take advantage of financing
opportunities or for other reasons, including to:

    ●
    increase our sales and marketing efforts
    and address competitive developments;

    ●
    provide for supply and inventory costs;

    ●
    maintain compliance with Nasdaq listing
    requirements;

    ●
    fund development and marketing efforts of
    any future products or additional features to then-current products;

    ●
    acquire, license or invest in new technologies;
    and

    ●
    acquire or invest in complementary businesses
    or assets.

Our
present and future funding requirements will depend on many factors, including:

    ●
    our ability to achieve revenue growth and improve gross margins;

    ●
    the cost of expanding our operations and offerings, including our sales
    and marketing efforts;

    ●
    the effect of competing market developments; and

    ●
    costs related to international expansion.

The
various ways we could raise additional capital carry potential risks. If we raise funds by