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The latest update is out from BranchOut Food Inc. (BOF).
BranchOut Food Inc. has engaged in strategic financing activities by selling securities to investors. The company issued a convertible note and warrants to Daniel L. Kaufman, who later assigned his rights to Kaufman Kapital LLC, securing an initial loan of $2 million. The convertible note, which matures by the end of 2025, can be transformed into common stock, and is secured by a lien on the company’s assets. Simultaneously, the company amended terms with existing note holders to align with the new securities’ terms and completed a separate unit offering of common stock and warrants to key executives, raising an additional $525,000.
See more insights into BOF stock on TipRanks’ Stock Analysis page.
