BranchOut Food borrows additional $750,000 from Kaufman Kapital under secured note

BranchOut Food Inc.

BranchOut Food Inc.

BOF

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  • BranchOut Food entered a second amended and restated secured promissory note with Kaufman Kapital for an additional USD 750,000, lifting total principal to USD 3 million.
  • Note matures Jan. 28, 2027; carries 8% annual interest; proceeds earmarked for working capital tied to production of customer orders.
  • Borrowing secured by lien on substantially all assets under existing security agreement tied to a separate 12% senior secured convertible note.
  • Separate amendment dated May 14 added a 9.99% beneficial ownership cap to conversions under the USD 3.4 million 12% senior secured convertible promissory note.


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