Company: BOF
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021655
Chunk: 93

Company: BranchOut Food Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 8
Chunk 93
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 sold 2,620,422
shares of common stock through the Sales Agent for aggregate gross proceeds of $4,998,249.
Commissions paid to the Sales Agent were $149,393
resulting in net proceeds of $4,848,856.

On
July 29, 2025, we entered into a second ATM Agreement with Alexander Capital (the “2025 ATM Agreement”), on substantially
the same terms as the 2024 ATM Agreement, under which we may offer and sell shares of our common stock from time to time through the
Sales Agent having an aggregate offering price of up to $3,000,000.

At
the termination of the 2025 ATM Agreement on September 30, 2025, we had sold 1,300,993
shares of common stock  through the Sales Agent  for aggregate gross proceeds of $2,929,897.
Commissions paid to the Sales Agent were $87,885
resulting in net proceeds of $2,842,011.

For the period ending September 30, 2025, the Company sold an aggregate of 2,421,415 shares of common stock pursuant
to its 2024 and 2025 ATM Agreements through the Sales Agent, resulting in net proceeds of $5,239,988.

Exercise
of Warrants

On
February 14, 2025, the Company received aggregate proceeds of $38,157 on the exercise of Representative’s Warrants to purchase
an aggregate of 39,747 shares of common stock at an exercise price of $0.96 per share.

On
June 4, 2025, Kaufman Kapital exercised warrants to purchase an aggregate of 1,000,000 shares of the Company’s common stock at
an exercise price of $1.00 per share. These warrants were originally issued in connection with the Kaufman Kapital Senior Secured Convertible
note. The exercises resulted in aggregate cash proceeds of $1,000,000.

During the period ended September 30, 2025, additional Warrants were exercised to purchase an aggregate of 348,716
shares of the Company’s common stock at an exercise price
of $1.00
per share for aggregate cash proceeds
of $348,716.

Note
14 – Common Stock Options

Stock
Incentive Plan

Our
board of directors and shareholders adopted the 2022 Equity Plan on January 1, 2022. The 2022