Company: BOF
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001493152-25-023178
Chunk: 13

Company: BranchOut Food Inc.
Filing Date: 2025-11-14
Form: 424B5
Chunk 13
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8. The initial exercise price of such warrant is $7.20 per share.

On June 26, 2024, we entered into an underwriting agreement with the representative, relating to the issuance and sale by the Company of 1,750,000 shares of common stock at a price of $0.80 per share. Pursuant to the underwriting agreement, we agreed to an 8.0% underwriting discount on the gross proceeds received by us for the shares of common stock in addition to reimbursement of certain expenses, made customary representations, warranties and covenants concerning the Company, and also agreed to indemnify the underwriter against certain liabilities, including liabilities under the Securities Act. The offering closed on June 28, 2024 and we received net proceeds of $940,000 in the offering after deducting underwriters’ discounts and commissions and before consideration of other issuance costs. On June 28, 2024, pursuant to the underwriting agreement, we executed and delivered to the representative a common stock purchase warrant to purchase up to 100,625 shares of common stock, which may be exercised until June 26, 2029. The initial exercise price of such warrant is $0.96 per share.

On October 23, 2024, we entered into an At-The-Market Issuance Sales Agreement (the “2024 ATM Agreement”) with the representative as selling agent, pursuant to which we were authorized to offer and sell shares of our common stock having an aggregate offering price of up to $3,000,000 from time to time through the representative. On February 18, 2025, we entered into a First Amendment to the 2024 ATM Agreement to increase the aggregate offering price of our shares of common stock that we may sell under the 2024 ATM Agreement to up to $5,000,000. The representative was entitled to commissions of 3.0% of the gross proceeds of the sales of common stock under such ATM Agreement. At the termination of the 2024 ATM Agreement on March 21, 2025, we had sold 2,620,422 shares of common stock through the representative for aggregate gross proceeds of $4,998,249. Commissions paid to the representative for such sales was $149,393, resulting in net proceeds of $4,848,856.

On July 29, 2025, we entered into a second ATM Agreement with the representative (the “2025 ATM Agreement”), on substantially the