BranchOut Food Secures $4M Senior Secured Note from Kaufman Kapital at 8% for Working Capital
BOF has more than doubled off its 52-week low of $1.93.
Summary
BranchOut Food has upsized its senior secured promissory note with Kaufman Kapital to a total of $4 million, drawing an additional $1 million. This debt carries an 8% interest rate and matures in January 2027. This financing is critical for the company, which previously reported a going concern warning and worsening working capital in its Q1 2026 10-Q. The funds will provide essential working capital for production orders, addressing immediate liquidity needs and extending the company's operational runway. The maturity date of January 28, 2027, will be a key date to watch for repayment or refinancing.
At the time of this announcement, BOF was trading at $4.80 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $70.5M. The 52-week trading range was $1.93 to $4.95. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.