BOF 8-K SEC Filing Analysis

Latest settled — T+5d

BOF ▲ +1.39% at T+5d

SHORT call ✗ call lost -1.39% · α vs SPY +0.23% · entry $3.25 → $3.29

Next anchor: T+20d tomorrow

Currently $3.59 · -10.63% from $3.25 entry (call sign-flipped)

Entry anchored
May 15, 03:59 PM ET
via Databento tick

T+1d

+0.15%

call -0.15% · α -0.80%

$3.25

settled 26d ago

T+5d

+1.39%

call -1.39% · α +0.23%

$3.29

settled 22d ago

T+20d

—

call — · α —

—

tomorrow

T+60d

—

call — · α —

—

in 8w

Price Chart

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Executive Summary

BranchOut Food borrowed an additional $750,000 from Kaufman Kapital, increasing its senior secured promissory note to $3M, and added a 9.99% beneficial ownership limitation on the existing convertible note to reduce dilution risk. The company continues to rely on secured debt from a single lender for working capital, signaling persistent cash needs and elevated financial risk.

Key Financial Metrics

Deal Value

$750.0K

Actionable Insight

The additional borrowing suggests the company requires near-term cash for operations, which may pressure equity if further capital is needed. Monitor for signs of cash burn rate, future financing requirements, and any conversion activity by Kaufman Kapital. The 9.99% cap on the convertible note limits near-term dilution but does not eliminate overhang.

Key Facts

Borrowed additional $750,000 from Kaufman Kapital on May 15, 2026, increasing total promissory note principal to $3,000,000.
Promissory note matures January 28, 2027, bears 8% interest, is secured by substantially all assets.
Amendment No. 3 to the convertible note adds a 9.99% beneficial ownership cap, preventing conversion above that threshold.
Convertible note outstanding principal is $2,900,000, convertible at $0.7582 per share, maturing December 31, 2027.
Total secured debt to Kaufman Kapital now approximately $5.9 million (convertible note + promissory note), representing over 10% of the $57 million market cap.

Financial Impact

Increased secured debt by $750,000 (1.3% of market cap) for working capital; total debt to Kaufman Kapital now ~$5.9M.

debtliquiditydilution_cap

Risk Factors

Further dilution if convertible note conversions resume or additional debt/equity raises are needed.
Default risk on secured debt; covenants restrict additional indebtedness and asset sales.
Concentration of debt with a single lender (Kaufman Kapital) who also holds convertible notes.

Market Snapshot

Exchange

Nasdaq

Sector

Food and Kindred Products

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001493152-26-023738
Exhibit: ex4-1.htm	0001493152-26-023738
Document: form8-k.htm	0001493152-26-023738
Document: 0001493152-26-023738-index-headers.html	0001493152-26-023738
Document: 0001493152-26-023738-index.html	0001493152-26-023738
Document: 0001493152-26-023738.txt	0001493152-26-023738

4 reports for BOF

T+1T+5T+20T+60

Filters

Reports for BOF — sortable, filterable
	Type				Now
Jun 5, 2026 7d ago	S-3 BEARISH ★ 6/10	$3.74 awaiting T+5	awaiting T+5	—	$3.59 (+4.01%)
May 15, 2026 28d ago	8-K BEARISH ★ 5/10	$3.25 $3.29	▼ −1.39%	▲ +0.23%	$3.59 (−10.63%)
Apr 17, 2026 8w ago	8-K NEUTRAL ★ 4/10	$4.43 $3.80	▼ −14.22%	▼ −15.13%	$3.59 (−18.96%)
Mar 11, 2026 13w ago	Press Release NEUTRAL ★ 4/10	$3.87 $3.76	▼ −2.84%	▼ −0.65%	$3.59 (−7.24%)

US Market Status

Market Closed — Opens Mon (48h 46m)

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