BranchOut Food Inc. Increases Offering Price in First Amendment to ATM Agreement: What Investors Need to Know

On February 18, 2025, BranchOut Food Inc. (NASDAQ:BOF) made significant amendments to its At-The-Market Issuance Sales Agreement (ATM Agreement). The Nevada corporation had initially entered into this agreement with Alexander Capital, L.P. to issue and sell common stock shares (Shares) with an aggregate offering price of up to $3,000,000. In a proactive move to boost its financial standing, the company decided to enhance the offering.

The First Amendment to the ATM Agreement signed on February 18, 2025, allowed BranchOut Food Inc. to increase the aggregate offering price for the Shares in the ATM Offering to a substantial $5,000,000. Consequently, the company filed an amendment to the Prospectus Supplement with the Securities and Exchange Commission (SEC) on the same day to reflect these amendments.

As per the filing, the First Amendment details the modifications made to the initial agreement. The complete text of the Amendment is available as Exhibit 1.1 in the Current Report on Form 8-K. Additionally, the legal opinion of Pachulski Stang Ziehl & Jones LLP, confirming the validity of the Shares, is provided in Exhibit 5.1 of the same filing.

It is essential to note that this report, along with the exhibits, does not intend to solicit offers to purchase the Shares or comply with any state’s regulations regarding security sales. BranchOut Food Inc. emphasized the necessity of adhering to proper procedures under state securities laws before any sales can take place.

Under Item 9.01, the filing lists the exhibits attached to the report, including the First Amendment to the ATM Agreement, the legal opinion of Pachulski Stang Ziehl & Jones LLP, and relevant consents and interactive data files.

With this strategic move, BranchOut Food Inc. aims to fortify its financial position and potentially fuel growth opportunities moving forward. Investors and stakeholders are advised to stay informed about further developments as the company progresses with its financial strategies and potential market offerings.

The above news is based on the official 8-K SEC Filing by BranchOut Food Inc. and does not constitute any financial advice or solicitation for investment activities. Investors are recommended to conduct further research and consult with financial experts before making any investment decisions.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read BranchOut Food’s 8K filing here.

BranchOut Food Company Profile

BranchOut Food Inc develops, markets, sells, and distributes plant-based dehydrated fruit and vegetable snacks, and powders in the United States. The company offers dehydrated fruit and vegetable-based snacks, including avocado chips, chewy banana bites, pineapple chips, brussels sprout crisps, and bell pepper crisps; avocado, banana, and blueberry powders; and industrial ingredients, such as bulk avocado powder, dried avocado pieces, and other fruit powders/pieces.