BranchOut Food Prices $1.4M Tracking Audience

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 products, today announced the pricing of its underwritten public offering of 1,750,000 shares of its 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 an additional 262,500 shares of its common stock at the public offering price, less underwriting discounts.

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

The Company intends to use the net proceeds from the offering for its working capital and general corporate purposes, including operating and capital expenditures.

Alexander Capital LP is acting as sole book-running manager for the offering.

The securities described above are offered by BranchOut pursuant to a registration statement on Form S-1, as amended (File No. 333-280428) which has been declared effective by the United States Securities and Exchange Commission ( the “SEC”) on June 26. , 2024. The offering is being made only by means of a prospectus forming part of the effective registration statement. A copy of the final prospectus relating to the offering, when available, may be obtained from Alexander Capital LP, 10 Drs James Parker Boulevard #202, Red Bank, New Jersey 07701, Attention: Equity Capital Markets, or by calling (212) 687. -5650 or by email [email protected] or by logging onto the SEC website at www.sec.gov.

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 illegal before registration. or qualification under the securities laws of any such state or jurisdiction. Any offer, solicitation or offer to buy, or any sale 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 a global food technology company offering natural snacks and real superfood ingredients through its licensed dehydration technology, protected by over 17 patents. BranchOut is proud to be a leading provider of high quality dehydrated fruit and vegetable 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 www.branchoutfood.com and follow us 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 can be identified by words such as “anticipate”, “intend”, “seek”, “target”, “anticipate”, “believe”, “expect”, ” estimate,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or are not statements of historical matters. Forward-looking statements regarding the anticipated closing of the offering, the anticipated use of the net proceeds from the offering, the Company’s operations and other aspects of the Company’s business are based on current expectations which are subject to change. and unknown risks and uncertainties, which could cause actual results to differ materially from the expectations expressed or implied in such forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. Although it may do so voluntarily from time to time, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless applicable securities laws require it.

For more information, contact:
Jeff Ramson
PCG Notice
646-863-6893
[email protected]