BranchOut Food announced on Wednesday that it has launched an underwritten public offering of its common stock, with all shares to be sold by the company. Lake Street Capital Markets is acting as representative of the underwriters, and BranchOut expects to grant a 30-day option to purchase up to an additional 15% of the shares sold to cover over-allotments. The company plans to use the proceeds for working capital and general corporate purposes, including operating expenses and capital expenditures.
BranchOut Food Inc. Common StockCompany launches underwritten public offering, diluting existing shareholders.
