BranchOut Food announces $2.5M institutional investment pricing

BranchOut Food (BOF) announced the pricing of a $2.5M institutional investment consisting of 1,034,600 shares of common stock to be purchased by Bard Associates, Inc. The financing will strengthen BranchOut’s working capital reserves and marks an important milestone in the company’s growth. This investment is opportunistic for BranchOut, providing the company with the ability to bolster its balance sheet and fund key growth initiatives. Alexander Capital L.P. is acting as sole bookrunner for the offering. “This financing is a powerful validation of our momentum and mission,” said Eric Healy, CEO of BranchOut Food. “October was the best month in our company’s history, with record revenue of $1.7M, equivalent to a $20 million annualized run rate. With this capital, we will be well positioned to scale production and execution across our rapidly growing retail and ingredient channels.”