BranchOut Food Prices $1.4 Million Follow-On Public Offering

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On June 26, 2024, BranchOut Food, a food technology company specializing in dehydrated fruit and vegetable products, announced the pricing of its follow-on public offering. The offering consists of 1,750,000 shares of common stock at $0.80 per share, expected to generate approximately $1,400,000 in gross proceeds. Additionally, underwriters have a 45-day option to purchase an extra 262,500 shares at the same price. The offering aims to raise funds for working capital, corporate purposes, operating expenses, and capital expenditures. The offering will close around June 28, 2024, pending customary conditions. Alexander Capital L.P. is the sole bookrunner. The offering follows a registration statement declared effective by the SEC.

  • Gross proceeds of approximately $1,400,000 expected from the offering.
  • Net proceeds will support working capital, operating expenses, and capital expenditures.
  • Potential shareholder dilution from issuing 1,750,000 new shares.
  • Additional dilution risk if underwriters exercise their option to buy 262,500 more shares.

The pricing of BranchOut Food Inc.'s follow-on public offering provides a significant insight into the company's current financial strategy. By offering 1.75 million shares at $0.80, BranchOut aims to raise approximately $1.4 million, which is modest by industry standards. The funds are allocated primarily for working capital and general corporate purposes, which typically suggests a focus on maintaining operations and potentially avoiding liquidity issues. This can be seen as a cautious move, indicating that BranchOut may be prioritizing stability over aggressive expansion.

However, the offer price of $0.80 per share can be seen as relatively low, potentially reflecting market skepticism or existing financial pressures. This could be a red flag for investors if the price significantly undercuts the current market value of the shares. The option granted to underwriters for an additional 262,500 shares also suggests a level of flexibility and caution, revealing the company's anticipation of future funding needs.

Retail investors should consider the potential dilution of shares and its impact on the stock price. While the capital raised could stabilize operations in the short-term, the long-term impact on share value depends heavily on how effectively the funds are utilized, particularly in driving growth or improving profitability.

The food technology sector is known for its volatility, with companies often needing to secure additional funding to stay competitive. BranchOut Food Inc.'s decision to raise capital through a public offering is a common approach within this industry, especially for firms focusing on innovative product lines like dehydrated fruits and vegetables.

From a market perspective, the offering may indicate that BranchOut seeks to bolster its financial position to manage operational costs or invest in technological advancements. Retail investors should note that while the influx of $1.4 million will provide immediate financial relief, the long-term success hinges on market acceptance of their products and the company's ability to scale effectively.

Moreover, the involvement of Alexander Capital L.P. as the sole bookrunner underscores a level of institutional confidence, which can be reassuring to some investors. However, it's essential to keep an eye on the broader market conditions and competitive landscape, which can significantly influence BranchOut's performance and stock value.

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.

The offering is expected to close on or about June 28, 2024, subject to the satisfaction of customary closing conditions.

The Company intends to use the net proceeds of the offering for working capital and general corporate purposes, including operating expenses and capital expenditure.

Alexander Capital L.P. is acting as sole bookrunner for the offering.

The securities described above are being offered by BranchOut pursuant to a registration statement on Form S-1, as amended (File No. 333-280428) that was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on June 26, 2024. The offering is being made only by means of a prospectus forming a part of the effective registration statement. A copy of the final prospectus related to the offering, when available, may be obtained from Alexander Capital L.P., 10 Drs James Parker Boulevard #202, Red Bank, New Jersey 07701, Attention: Equity Capital Markets, or by calling (212) 687-5650 or emailing or by logging on to the SEC’s website at

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

About BranchOut Food Inc.

BranchOut is an international food-tech company delivering natural snacks and real superfood ingredients enabled by its licensed dehydration technology, which is protected by more than 17 patents. BranchOut is proud to be a leading provider of high-quality dehydrated fruit and vegetable-based products and its commitment to quality and innovation sets it apart as a trusted brand and private label supplier. For more information about BranchOut Food Inc. and its products, please visit and follow us on LinkedIn and Twitter.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to expectations or forecasts of future events. Forward-looking statements may be identified using words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “expect,” “estimate”, “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements with respect to the expected closing of the offering, the intended use of the net proceeds of the offering, the operations of the Company, and other aspects of the business of the Company are based on current expectations that are subject to known and unknown risks and uncertainties, which could cause actual results or outcomes to differ materially from expectations expressed or implied by such forward-looking statements. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Although it may voluntarily do so from time to time, the Company undertakes no commitment to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

For more information contact: 
Jeff Ramson
PCG Advisory


What is the stock symbol for BranchOut Food's public offering?

The stock symbol for BranchOut Food's public offering is BOF.

How many shares are being offered in BranchOut Food's public offering?

BranchOut Food is offering 1,750,000 shares in its public offering.

What is the price per share for BranchOut Food's public offering?

The price per share for BranchOut Food's public offering is $0.80.

What are the gross proceeds expected from BranchOut Food's public offering?

The gross proceeds expected from BranchOut Food's public offering are approximately $1,400,000.

When will BranchOut Food's public offering close?

BranchOut Food's public offering is expected to close on or about June 28, 2024.

What will BranchOut Food use the proceeds from the public offering for?

BranchOut Food intends to use the proceeds for working capital, operating expenses, and capital expenditures.

Who is the sole bookrunner for BranchOut Food's public offering?

Alexander Capital L.P. is the sole bookrunner for BranchOut Food's public offering.

BranchOut Food Inc.


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