BranchOut Food Inc. Announces $3.925M CEO-led Investment Including an Insider PIPE and Convertible note
BranchOut Food Inc. (BOF)
Company Research
Source: GlobeNewswire
BEND, Ore., July 24, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ: BOF), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced the closing of a $525,000 investment in company led by its CEO, Eric Healy, who invested $400,000, with Eagle Vision Fund LP (an entity affiliated with the Company’s CFO) investing $100,000, and the Company’s President investing $25,000, in exchange for the issuance of 692,529 shares of common stock . In addition, the Company closed a convertible note for $3,400,000 with Kaufman Kapital. Complete details of these transactions can be found in the Company’s Current Report on 8-K filed with the Securities and Exchange Commission. The capital will be used to complete the build out of the Company’s large-scale production facility in Peru, including for its 3rd and 4th Radiant Energy Vacuum (REV) machines built by EnWave Corporation (TSX-V: ENW | FSE: E4U). The Company expects the new factory to b
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BOF
Sec Filings
- 9/23/24 - Form S-3
- 9/9/24 - Form DEF
- 8/30/24 - Form 4
- BOF's page on the SEC website