Company: BOF
Filing Date: 2025-07-29
Form Type: 424B5
Source: 0001641172-25-021357
Chunk: 7

Company: BranchOut Food Inc.
Filing Date: 2025-07-29
Form: 424B5
Chunk 7
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 experience immediate and substantial dilution if the purchase price of the common stock is higher than the net tangible book value per share of the outstanding common stock immediately after this offering. In addition, purchasers will experience dilution, which may be substantial, when we issue additional shares of common stock that we are permitted or required to issue under options, warrants, convertible notes or our equity incentive plan. Because the sales of the shares offered hereby will be made directly into the market, the prices at which we sell these shares will vary and these variations may be significant. Purchasers of the shares we sell, as well as our existing shareholders, will experience significant dilution if we sell shares at prices significantly below the price at which they invested. See “Dilution” for a more detailed discussion of the dilution you will incur if you purchase common stock in this offering.

It Is Not Possible to Predict the Actual Number of Shares of Common Stock We Will Sell Under the ATM Agreement, or the Gross Proceeds Resulting from Those Sales.

Subject to certain limitations in the ATM Agreement and compliance with applicable law, we have the discretion to deliver transaction notices to the Sales Agent from time to time throughout the term of the ATM Agreement. The number of shares that are sold through the Sales Agent after delivering a transaction notice will fluctuate based on a number of factors, including the market price of our shares during the sales period, the limits we set with the Sales Agent in any applicable transaction notice, and the demand for our shares during the sales period. Because the price per share of each share sold will fluctuate during this offering, it is not currently possible to predict the number of shares that will be sold or the gross proceeds to be raised in connection with those sales.

The Common Stock Offered Hereby Will Be Sold in“ At the Market Offerings,” and Investors Who Buy Shares at Different Times Will Likely Pay Different Prices.

Investors who purchase shares in this offering at different times will likely pay different prices, and so may experience different levels of dilution and different outcomes in their investment results. We will have discretion, subject to market demand, to vary the timing, prices, and numbers of shares sold in this offering. In addition, there is no minimum or maximum sales price for shares to be sold in this offering. Investors may experience a decline in the value of the shares they purchase in this offering as a result of sales made at prices lower than the prices they paid.

Since We Have Broad Discretion in How We Use the Proceeds from This Offering, We May