BranchOut Food Inc. (BOF) Form 424B5 — Aug 27, 2026
BranchOut Food Inc. priced a follow-on offering of 820,588 common shares at $3.40 per share on August 27, 2026, with Lake Street Capital Markets as sole underwriter on a firm commitment basis. The company expects approximately $2.79 million gross and $2.5 million in net proceeds, with share delivery on or about August 28, 2026. The $3.40 price is roughly 12% below the prior close of $3.85, and new investors face $3.05 per share of immediate dilution against pro forma net tangible book value of just $0.35 per share.
Key figures
- Gross Proceeds
- 2790000
- Offering Price
- 3.4
- Shares Offered
- 820588
- Shares Outstanding
- 15316030
- Lock Up Days
- 90
- Net Proceeds
- 2500000
- Outstanding Options
- 2,773,470 shares at $2.62 weighted average exercise price
- Shelf Total Capacity
- 10000000
- Outstanding Warrants
- 1,228,090 shares at $3.33 weighted average exercise price
- Over Allotment Shares
- 123088
- Ib6 Sales Prior12 Months
- 4210000
- Public Float Aug13 2026
- 60456800
- Shelf Amount Sold To Date
- 7210000
- Expected Settlement Date
- on or about August 28, 2026
- Last Sale Price Aug26 2026
- 3.85
- Convertible Note Principal
- 2900000
- Offering Expenses Estimate
- approximately $50,000 per cover page; approximately $250,000 per underwriting section
- Discount To Prior Close Percent
- approximately 11.7%
- Underwriting Discount Percent
- 7% ($0.238/share, $195,299.94 total)
- Net Proceeds With Overallotment
- 2930000
- Convertible Note Shares Issuable
- 3824848
- Post Offering Shares Outstanding
- 16136618
- Convertible Note Conversion Price
- 0.7582
- Dilution Per Share To New Investors
- 3.05
- Net Tangible Book Value Jun30 2026
- 4500000
- Pro Forma Net Tangible Book Value Per Share
- 0.35
Price after filing
Close on the filing date to close N calendar days later (from $4.14). Historical, not a forecast.
AI analysis
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