BranchOut Food Inc. has finalized an underwritten public offering of its common stock, raising approximately $5.0 million in gross proceeds. The company sold 2,941,177 shares at a price of $1.70 per share. The offering was led by Lake Street Capital Markets LLC, which acted as the representative of the underwriters.
The transaction closed on October 26, 2026. As part of the agreement, the underwriters were granted a 30-day option to purchase up to an additional 15% of the shares sold in the offering, or 441,176 shares, to cover any over-allotments.
According to the filing, the company received net proceeds of approximately $4.6 million after deducting underwriting discounts and commissions, as well as legal fees and estimated offering expenses. BranchOut Food intends to use these funds for working capital and general corporate purposes, which will include operating expenses and capital expenditures.
The shares were issued pursuant to a registration statement on Form S-3 (File No. 333-299400), which was declared effective by the SEC on October 16, 2026. Additionally, the company and its officers and directors agreed to a lock-up period of 90 days following the signing of the underwriting agreement, restricting the sale of common stock and equivalents during that time.
