Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 283

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 283
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 a price
of $6.00 per share. We received net proceeds of $6,226,000 in the IPO after deducting underwriters’ discounts and commissions and
before consideration of other issuance costs. In connection with the IPO, a total of $6,029,204 of convertible debt, consisting of $5,526,691
of principal and $502,513 of interest, was converted into 1,572,171 shares of common stock.

 2 

Our
Products

We
plan to continue to grow revenues strategically by penetrating the multi-billion dollar grocery, industrial ingredient and online market.
Our current product line includes:

    ●
    BranchOut Snacks: dehydrated fruit and vegetable-based
    snacks, including Avocado Chips, Chewy Banana Bites, Pineapple Chips, Brussels Sprout Crisps, Strawberry Crisps and Bell Pepper Crisps.

    ●
    Private Label: Prunes, Carrots, Brussel
    Sprouts and Raisins sold to major retailers.

    ●
    BranchOut Industrial Ingredients: Banana,
    Mango, Blueberry, Pineapple, Cherry Tomato, Avocado and many others.

We
are currently developing many additional products for all sales channels.

BranchOut
Snacks

We
currently produce all of our BranchOut snack products at our plant in Peru using our licensed technology. Our snacks are mostly single
ingredient products. Our Avocado Chips are real avocado slices, dehydrated using our licensed technology and process to create crispy,
crunchy avocado slices while maintaining their vibrant green color, rich creamy avocado flavor, and superfood nutritional content. We
offer these in three flavors, “Sea Salt with a Hint of Lime”, “Chili Lime” and “Sriracha” seasoned
topically on the avocado slices.

We
also offer a “Chewy Banana Bite”. Each “Banana Bite” is an actual banana slice, providing a unique marshmallow-like,
chewy texture. Previous market offerings in the banana snack space include fried plantain chips and dark brown air-dried banana snacks.
We believe that our “Chewy Banana Bite” product is superior due to its fresh-looking, natural yellow color, single ingredient
base and fresh banana flavor. We offer the banana bites in two flavors, “Original”, and “Cinnamon Churro”. According
to widely accepted market data, fresh bananas have historically shown to be the most consumed fruit in America and the highest selling
item