BranchOut Food Inc. has entered into a significant agreement with Kaufman Kapital LLC, as detailed in a recent Form 8-K filing. Under this agreement, Kaufman will exercise a warrant to purchase 1,000,000 shares of BranchOut's common stock for a cash payment of $1,000,000, with the transaction set to be completed by June 16, 2025. Additionally, the agreement includes extensions on the expiration and maturity dates of various warrants and promissory notes previously issued to Kaufman. Notably, the expiration of a warrant to purchase 500,000 shares at $1.50 per share has been extended to December 31, 2026, and the maturity dates for a $3,400,000 Convertible Note and a $1,200,000 Secured Note have been extended to December 31, 2026, and December 31, 2025, respectively. The agreement also stipulates conditions regarding the prepayment of these notes.
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