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BranchOut Food (NASDAQ: BOF) adds $1.5M secured note as Kaufman converts $500K to shares

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

BranchOut Food Inc. entered into new financing and reported a debt-to-equity conversion. The company borrowed $1,500,000 from Kaufman Kapital LLC under a Senior Secured Promissory Note bearing 8% annual interest and maturing on January 28, 2027, secured by a lien on substantially all company assets under an existing Security Agreement.

On the same date, Kaufman converted $500,000 of principal from a prior 12% Senior Secured Convertible Promissory Note into 659,457 common shares, issued under an effective Form S-3 registration statement. BranchOut also furnished a press release with selected quarterly and year-end financial results for the period ended December 31, 2025.

Positive

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Negative

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Insights

BranchOut adds secured debt while converting prior convertible principal into equity.

BranchOut Food Inc. borrowed $1,500,000 via a Senior Secured Promissory Note at 8% interest, maturing on January 28, 2027. The note is secured by a lien on substantially all assets under an existing Security Agreement tied to a prior 12% senior secured convertible note.

This increases secured leverage but on terms below the earlier convertible note’s 12% rate. Simultaneously, Kaufman Kapital LLC converted $500,000 of principal from that convertible note into 659,457 common shares, which reduces that particular debt balance while adding equity.

The filing also mentions affirmative and negative covenants and events of default customary for similar transactions, which can constrain future actions if financial performance weakens. A press release with selected results for the period ended December 31, 2025 was furnished separately and will help frame how this new capital fits into BranchOut’s broader financial position.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): January 28, 2026

 

BRANCHOUT FOOD INC.

 

(Exact name of registrant as specified in its charter)

 

Nevada   001-41723   87-3980472

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification Number)

 

205 SE Davis Avenue, Bend Oregon   97702
(Address of principal executive offices)   (Zip Code)

 

(844) 263-6637

 

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange on which registered

Common Stock, par value $0.001 per share   BOF   Nasdaq Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 1.01. Entry into a Material Definitive Agreement.

 

On January 28, 2026, BranchOut Food Inc. (the “Company”), borrowed $1,500,000 from Kaufman Kapital LLC (“Kaufman”), pursuant to a Senior Secured Promissory Note in the principal amount of $1,500,000 (the “Note”), issued by the Company to Kaufman. The Note matures on January 28, 2027 and bears interest at a rate of 8% per annum. The Company’s obligations under the Note are secured by a lien granted to Kaufman on substantially all of the Company’s assets pursuant to a Security Agreement previously entered between the Company and Kaufman (the “Security Agreement”) in connection with the issuance of a 12% Senior Secured Convertible Promissory Note of the Company, dated July 23, 2024 (the “Convertible Note”). In addition, the Note includes affirmative and negative covenants, events of defaults and other terms and conditions, customary in transactions of this nature.

 

The information set forth above is qualified in its entirety by reference to the actual terms of the Note and Security Agreement, which have been filed as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K, and which are incorporated herein by reference.

 

Item 2.02. Results of Operations and Financial Condition.

 

On January 28, 2026, the Company issued a press release that included selected financial results for its quarterly and year-end periods ended December 31, 2025. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

 

The information furnished herewith as Exhibit 99.1 shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

 

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

 

The information set forth under Item 1.01 is incorporated herein by reference.

 

Item 8.01 Other Events.

 

On January 28, 2026, Kaufman converted $500,000 of principal outstanding under the Convertible Note into 659,457 shares of the Company’s common stock. The issuance of such shares have been registered under a Registration Statement on Form S-3 declared effective by the Securities and Exchange Commission on July 11, 2025.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit 10.1   Senior Secured Promissory Note of the Company in the principal amount of $1,500,000, dated January 28, 2026, issued to Kaufman Kapital LLC
     
Exhibit 10.1   Security Agreement between the Company and Kaufman Kapital LLC, dated July 23, 2024 (incorporated by reference to Exhibit 10.3 of the Form 8-K filed by the Company with Securities and Exchange Commission on July 29, 2024)
     
Exhibit 99.1   Press Release dated January 28, 2026
     
Exhibit 104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

2

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  BranchOut Food Inc.
   
Date: January 30, 2026 By: /s/ Eric Healy
    Eric Healy, Chief Executive Officer

 

3

 

FAQ

What new financing did BranchOut Food Inc. (BOF) obtain in this 8-K?

BranchOut Food Inc. borrowed $1,500,000 from Kaufman Kapital LLC under a new Senior Secured Promissory Note. The note carries 8% annual interest, matures on January 28, 2027, and is secured by a lien on substantially all company assets under an existing Security Agreement.

What are the key terms of BranchOut Food’s new $1,500,000 secured note?

The new note has a $1,500,000 principal amount, an 8% per annum interest rate, and a January 28, 2027 maturity date. It is senior and secured by substantially all BranchOut Food’s assets, and includes customary affirmative and negative covenants and events of default for this type of financing.

How did Kaufman Kapital LLC convert debt into BranchOut Food (BOF) shares?

On January 28, 2026, Kaufman Kapital LLC converted $500,000 of principal from a 12% Senior Secured Convertible Promissory Note into 659,457 shares of BranchOut’s common stock. These shares were issued under a Form S-3 registration statement declared effective on July 11, 2025.

What existing security arrangement backs BranchOut Food’s new promissory note?

The new Senior Secured Promissory Note is secured by a lien on substantially all BranchOut Food’s assets. This lien is granted under a Security Agreement dated July 23, 2024, originally entered in connection with the company’s 12% Senior Secured Convertible Promissory Note held by Kaufman Kapital LLC.

Did BranchOut Food (BOF) release any financial results with this 8-K filing?

Yes. BranchOut Food issued a press release dated January 28, 2026 that included selected financial results for its quarterly and year-end periods ended December 31, 2025. This press release was furnished as Exhibit 99.1 and incorporated by reference, but not deemed filed for liability purposes.

Are there covenants or default provisions in BranchOut Food’s new note?

The new Senior Secured Promissory Note includes affirmative and negative covenants, events of default, and other terms and conditions described as customary for transactions of this nature. Detailed provisions are set out in the note itself, filed as Exhibit 10.1 and incorporated by reference.
Branchout Foods Inc.

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