BranchOut Food Prices $1.4 Million Follow-On Public Offering

June 26, 2024

https://www.globenewswire.com/news-release/2024/06/27/2904872/0/en/BranchOut-Food-Prices-1-4-Million-Follow-On-Public-Offering.html

BEND, Ore., June 26, 2024 (GLOBE NEWSWIRE) — BranchOut Food Inc. (NASDAQ:BOF) (“BranchOut” or the “Company”), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced the pricing of its underwritten public offering of 1,750,000 shares of common stock at a public offering price of $0.80 per share. The gross proceeds from the offering, before underwriting discounts and commissions and estimated offering expenses payable by the Company, are expected to be approximately $1,400,000. In addition, the Company has granted the underwriters a 45-day option to purchase up to 262,500 additional shares of common stock at the public offering price, less the underwriting discounts.

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