Company: BOF
Filing Date: 2025-02-18
Form Type: 424B5
Source: 0001493152-25-007101
Chunk: 4

Company: BranchOut Food Inc.
Filing Date: 2025-02-18
Form: 424B5
Chunk 4
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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 decrease our adjusted net tangible book value per share after the offering to $0.63 per share and would decrease the dilution in net tangible book value per share to new investors in this offering following the date of this Amendment to $0.73 per share, after deducting commissions and estimated aggregate offering expenses payable by us. This information is supplied for illustrative purposes only.

The discussion and table above are based on 6,924,500 shares of our common stock outstanding (before giving effect to the offering) as of September 30, 2024 and excludes as of that date:

| ● | 593,470                                                                                                                               
 shares of our common issuable upon exercise of outstanding stock options having a weighted average exercise price of $2.39 per share; |
| ● | 118,799                                                                                                                               
 shares of our common stock reserved for future issuance under our 2022 Equity Incentive Plan; and                                     |
| ● | 3,462,162                                                                                                                             
 shares of our common issuable upon exercise of outstanding warrants having a weighted average exercise price of $1.87 per share.      |

To the extent that any outstanding warrants are exercised, there may be further dilution to new investors. 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.

| S-2 |

<div align='center'>PLAN OF DISTRIBUTION</div>

We have entered into the ATM Agreement with Alexander Capital, under which we may from time to time issue and sell to or through Alexander Capital, acting as the Sales Agent, shares of our common stock having an aggregate offering price of up to $5,000,000. Sales of the common stock, if any, will be made by any method permitted by law deemed to be an “at the market offering” as defined in Rule 415 promulgated under the Securities Act, or, if expressly authorized by us, in privately negotiated transactions.

As Sales Agent