Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 317

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 317
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60

    $
    1.10

    Second Quarter
     
    $
    3.24

    $
    0.68

    Third Quarter
     
    $
    4.11

    $
    0.61

    Fourth Quarter
     
    $
    2.20

    $
    1.31

    Fiscal Year Ended December 31, 2023

    First Quarter
     
    $
    N/A

    $
    N/A

    Second Quarter
     
    $
    6.20

    $
    3.03

    Third Quarter
     
    $
    3.50

    $
    2.02

    Fourth Quarter
     
    $
    2.10

    $
    1.21

As
of April 5, 2025, there were 9,584,769 shares of common stock outstanding held by approximately 25 shareholders of record. Such number
does not include any shareholders holding shares in nominee or “street name”.

Dividends

We
have not declared or paid any dividends on our common stock since our inception and do not anticipate paying dividends for the foreseeable
future. The payment of dividends is subject to the discretion of our board of directors and depends, among other things, upon our earnings,
our capital requirements, our financial condition, and other relevant factors. We intend to reinvest any earnings in the development
and expansion of our business. Any cash dividends in the future to common shareholders will be payable when, as and if declared by our
board of directors, based upon the board’s assessment of our financial condition and performance, earnings, need for funds, capital
requirements, prior claims of preferred stock to the extent issued and outstanding, and other factors, including income tax consequences,
restrictions and applicable laws. There can be no assurance, therefore, that any dividends on our common stock will ever be paid.

 22 

Equity Compensation
Plan Information

This
following table provides information about shares our common stock that may be issued under our options outstanding at December 31,
2024. Other than individual options outstanding reflected in the table below, we did not have any shares authorized for issuance under
equity plans at December 31, 2024.

    Plan category 
    Number
    of securities to be issued upon exercise of outstanding options, warrants and rights  
    Weighted-average
    exercise price of outstanding options,