BranchOut Food Inc. (NASDAQ: BOF) closed a public stock offering on August 28, 2026, raising approximately $2.5 million in net proceeds after deducting underwriting discounts, commissions, and other expenses.

The Nevada-based company sold 820,588 shares of common stock at $3.40 per share under an underwriting agreement with Lake Street Capital Markets LLC as the representative of the underwriters. The underwriters were granted a 30-day option to purchase up to 123,088 additional shares at the same price to cover any over-allotments.

The company agreed to a 7.0% underwriting discount on gross proceeds. Officers and directors are subject to a 90-day lock-up period during which they may not sell or transfer shares of common stock or related securities. The company is also restricted from issuing additional shares or common stock equivalents during the same period, with certain exemptions.

The shares were issued under a registration statement on Form S-3 declared effective by the Securities and Exchange Commission on May 27, 2025. According to the prospectus supplement, the company intends to use the net proceeds for working capital and general corporate purposes, including operating expenses and capital expenditures.