Company: BOF
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001493152-25-023178
Chunk: 7

Company: BranchOut Food Inc.
Filing Date: 2025-11-14
Form: 424B5
Chunk 7
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,600 shares in this offering at the public offering price of $2.50 per share, and after deducting estimated underwriting discounts and commissions and estimated offering expenses payable by us for net proceeds of approximately $2,310,000, our pro forma net tangible book value as of September 30, 2025 would have been approximately $5,988,720, or approximately $0.45 per share. This represents an immediate increase in pro forma net tangible book value per share of $0.15 to our existing stockholders and an immediate dilution in pro forma net tangible book value per share of approximately $2.05 to new investors purchasing common stock in this offering. Dilution per share to new investors purchasing securities in this offering is determined by subtracting pro forma net tangible book value per share after this offering from the public offering price per share paid by new investors.

| Public offering price per share                                                    |     |   |      |     | $ | 2.50 |
| Net tangible book value per share as of September 30, 2025                         |     | $ | 0.30 |     |   |      |
| Increase in net tangible book value per share after giving effect to this offering |     | $ | 0.15 |     |   |      |
| Pro forma net tangible book value per share as of September 30, 2025               |     |   |      |     | $ | 0.45 |
| Dilution in net tangible book value per share to new investors                     |     |   |      |     | $ | 2.05 |

The foregoing discussion and table do not take into account further dilution to new investors that could occur upon the exercise of outstanding options, warrants and convertible notes having a per share exercise or conversion price less than the per share offering price to the public in this offering. In addition, we may choose to raise additional capital due to market conditions or strategic considerations even if we believe we have sufficient funds for our current or future operating plans. To the extent that additional capital is raised through the sale of equity or convertible debt securities, the issuance of these securities could result in further dilution to our stockholders.

The discussion and table above are based on 12,234,478 shares of our common stock outstanding (prior to giving effect to the offering) as of September 30, 2025 and excludes as of that date:

| ● | 4,484,305                                                                                                                             
 shares of our common issuable