BranchOut Food Inc. (BOF) Form 424B5 — Oct 23, 2026
BranchOut Food priced a $5.0M public offering of 2,941,177 shares at $1.70 per share, roughly 16% below the $2.02 prior close, with Lake Street Capital Markets as sole underwriter on a firm commitment basis. Net proceeds are approximately $4.6M after a 7% underwriting discount, earmarked for working capital and general corporate purposes, with a 441,177-share over-allotment option exercisable for 30 days. New investors face $1.14 per share of immediate dilution to pro forma as-adjusted tangible book value of $0.56. Shares outstanding rise from 16,259,707 to about 19.2M, an 18% increase, before any exercise of a $2.9M convertible note convertible at $0.7582 — well below the offering price.
Key figures
- Gross Proceeds
- 5000000.9
- Offering Price
- 1.7
- Shares Offered
- 2941177
- Shares Outstanding
- 19200884
- Net Proceeds
- 4600000
- Public Float
- 57535965
- Dilution Per Share
- 1.14
- Over Allotment Shares
- 441177
- Last Close Before Pricing
- 2.02
- Convertible Note Principal
- 2900000
- Q3 2026 revenue estimate
- $1.0 million
- Q4 2026 revenue guidance
- $6.0 million to $7.0 million
- Underwriting Discount Percent
- 7
- Convertible Note Conversion Price
- 0.7582
- August2026 Offering Gross Proceeds
- $3,209,000 (including over-allotment)
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.