Company: BOF
Filing Date: 2025-02-18
Form Type: 424B5
Source: 0001493152-25-007101
Chunk: 3

Company: BranchOut Food Inc.
Filing Date: 2025-02-18
Form: 424B5
Chunk 3
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32, our pro forma as adjusted net tangible book value as of September 30, 2024, would have been approximately $6.3 million, or $0.67 per share of our common stock. This amount represents an immediate increase in net tangible book value to existing stockholders of $0.16 per share and an immediate dilution in net tangible book value of $1.75 per share to purchasers of our shares of common stock in this offering following the date of this Amendment, as illustrated in the following table:

| Assumed public offering price per share                                                              |     |   |      |     | $ | 2.42 |
| Pro forma net tangible book value per share as of September 30, 2024                                 |     | $ | 0.51 |     |   |      |
| Increase in net tangible book value per share after giving effect to remaining term of this offering |     | $ | 0.16 |     |   |      |
| Pro forma as adjusted net tangible book value per share as of September 30, 2024                     |     |   |      |     | $ | 0.67 |
| Dilution in net tangible book value per share to new investors                                       |     |   |      |     | $ | 1.75 |

The table above assumes for illustrative purposes that an aggregate of 826,448 shares of our common stock are sold during the remaining term of the ATM Agreement at a price of $2.42 per share, the last reported sale price of our common stock on Nasdaq on February 14, 2025, for aggregate gross proceeds of $2,000,004. In fact, the shares subject to the ATM Agreement will be sold following the date of this Amendment, if at all, from time to time at prices that may vary. An increase of $1.00 per share in the price at which the shares are sold from the assumed offering price of $2.42 per share shown in the table above, assuming all of our common stock in the aggregate amount of $2,000,004 during the remaining term of the ATM Agreement with the Sales Agent is sold at that price, would increase our adjusted net tangible book value per share after the offering to $0.69 per share and would increase the dilution in net tangible book value per share to new investors in this offering to $2.60 per share, after deducting commissions and estimated aggregate offering expenses payable by us. A decrease of $