BranchOut Food Announces Exercise of Over-Allotment Option in Public Offering

The option exercise added approximately $750,000 in gross proceeds to BranchOut Food’s public offering.

Rhea-AI Summary

BranchOut Food (BOF) closed the full exercise of its underwriters’ option to purchase additional shares in its public offering.

The underwriters purchased 441,176 additional shares at $1.70 per share. The exercise closed on October 29, 2026, bringing total shares sold in the offering to 3,382,353 and total gross proceeds to approximately $5,750,000, before underwriting discounts, commissions and offering expenses. Lake Street Capital Markets represented the underwriters.

1 point · 1 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

1 major · 2 points

How the balance works

Positive

• Major pointFull option exercise increased total offering gross proceeds to approximately $5,750,000. 17% of market cap

Negative

• Major point441,176 additional common shares at $1.70 per share dilute existing holders, bringing total shares sold to 3,382,353.
• Minor pointUnderwriting discounts, commissions and offering expenses reduce proceeds retained by BranchOut Food.

News Explained

The offering’s approximately $5.75 million in total gross proceeds equal 187.7 days of second-quarter operating cash use at that quarter’s rate, before fees.

The underwriters’ full exercise closed on October 29, 2026. The exercise added 441,176 common shares sold by BranchOut and approximately $750,000 in gross proceeds to the company. The additional shares increase the share count and reduce existing holders’ percentage ownership, absent offsetting changes.

Sources and calculations

• BranchOut Food announces exercise of over-allotment option (2026-10-29)
• Dilution definition (2026-07-17)
• BranchOut Food second-quarter fundamentals (2026Q2)

• Offering gross against the last reported quarterly operating outflow, in days at that rate $5,750,000 / ($2,788,251 / 91) = 187.7 days

Key Figures

Additional shares: 441,176 shares Offering price: $1.70 per share Additional gross proceeds: Approximately $750,000 +2 more

Additional shares

441,176 shares

Fully exercised over-allotment option

Offering price

$1.70 per share

Over-allotment shares

Additional gross proceeds

Approximately $750,000

Before offering-related deductions

Total shares sold

3,382,353 shares

After full over-allotment exercise

Total gross proceeds

Approximately $5,750,000

Before underwriting discounts, commissions and offering expenses

Previous Offering Reports

1 past event · Latest: Oct 23

Same Type 1 event

1. Oct 23

   Public offering

   24h Move

   +0.0%

   Priced the same offering and established the 441,177-share over-allotment option.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

over-allotment option, form s-3, prospectus supplement

3 terms

over-allotment option financial

"fully exercised their option to purchase an additional 441,176 shares"

An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.

form s-3 regulatory

"offered pursuant to a registration statement on Form S-3"

Form S-3 is a legal document companies use to register their stock sales with the government, making it easier and faster for them to raise money by selling shares to investors. It’s like having a pre-approved shopping list that lets a company quickly sell new shares when they need funds, without going through a lengthy approval process each time.

prospectus supplement regulatory

"A prospectus supplement relating to and describing the terms of the offering"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

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BEND, Ore., Oct. 29, 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 that the underwriters of its previously announced public offering of common stock have fully exercised their option to purchase an additional 441,176 shares at the public offering price of $1.70 per share, resulting in additional gross proceeds to the Company of approximately $750,000. After giving effect to the full exercise of the over-allotment option, the total number of shares sold by BranchOut in the public offering increased to 3,382,353 shares and gross proceeds increased to approximately $5,750,000, before deducting underwriting discounts and commissions and offering expenses. The exercise of the over-allotment option closed on October 29, 2026.

Lake Street Capital Markets, LLC acted as the representative of the underwriters for the offering.

The shares of common stock were offered pursuant to a registration statement on Form S-3 (File No. 333-299400), which was declared effective by the Securities and Exchange Commission (the "SEC") on October 16, 2026. A prospectus supplement relating to and describing the terms of the offering has been filed with the SEC and is available free of charge on the SEC's website at www.sec.gov. Copies of the prospectus supplement and accompanying prospectus may also be obtained from Lake Street Capital Markets, LLC, 121 South 8th Street, Suite 1000, Minneapolis, Minnesota 55402, by telephone at (612) 326-1305 or by email at syndicate@lakestreetcm.com.

Disclaimer

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About BranchOut Food Inc.

BranchOut Food Inc. (Nasdaq: BOF) is a leading international food technology company specializing in the production of high-quality dehydrated fruit- and vegetable-based products through its proprietary GentleDry™ technology. This next-generation dehydration method is designed to preserve the nutrition, quality and taste of fresh produce. BranchOut's technology enables the Company to serve branded, ingredient and private-label customers. For more information, visit www.branchoutfood.com or follow BranchOut Food on social media here.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified by words such as "anticipate," "believe," "expect," "intend," "may," "plan," "potential," "should," "will," "would" and similar expressions. These forward-looking statements are based on management's current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including risks and uncertainties described under "Risk Factors" in the prospectus supplement relating to the Offering and in the Company's filings with the SEC, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this press release.

For more information:

ir@branchoutfood.com

SOURCE: BranchOut Food Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did BranchOut Food raise through the underwriters’ option exercise?

BranchOut Food raised approximately $750,000 in additional gross proceeds through the purchase of 441,176 shares at $1.70 per share. The exercise closed on October 29, 2026, bringing total offering gross proceeds to approximately $5,750,000 before underwriting discounts, commissions and offering expenses.