Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 1143

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 5
Chunk 1143
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Market Information

Shares
of our common stock, $0.001 par value per share, began trading on the Nasdaq Capital Markets under the symbol “BOF” on June 16,
2023. The following table sets forth, for the fiscal quarters indicated, the high and low bid information for our common stock, as reported
on the Nasdaq Capital Markets. The following quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission
and may not represent actual transactions.

    High

    Low

    Fiscal Year Ended December 31, 2024

    First Quarter
     
    $
    3.60

    $
    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