BranchOut Food Inc. Announces $5.0 Million Underwritten Public Offering
Key Highlights
- ➤BranchOut Food (BOF) priced 2,941,177 shares at $1.70 each
- ➤Offering gross proceeds are expected to reach approximately $5.0 million
- ➤Company granted 30-day option for up to 15% additional shares
- ➤Proceeds will fund working capital, operating expenses and capital expenditures
- ➤Offering is expected to close on or about October 26, 2026
BEND, Ore., Oct. 23, 2026 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (Nasdaq: BOF) (“BranchOut” or the “Company”), a growth-stage consumer packaged foods company focused on developing, manufacturing, marketing and distributing clean-label, plant-based dried fruit and vegetable snacks, today announced the pricing of an underwritten public offering of 2,941,177 shares of its common stock at a public offering price of $1.70 per share (the “Offering”). Gross proceeds to the Company, before deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $5.0 million. All of the shares in the Offering are to be sold by the Company.
Lake Street Capital Markets, LLC is acting as the representative of the underwriters for the Offering. The Company has granted the representative a 30-day option to purchase up to an additional 15% of the shares of common stock sold in the Offering solely to cover over-allotments.
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