BranchOut Food Inc. 8-K

What Happened
BranchOut Food Inc. reported it amended and restated a promissory note with Kaufman Kapital LLC, increasing the total principal to $2,250,000. The Company originally borrowed $1,500,000 on January 28, 2026 and on April 17, 2026 borrowed an additional $750,000 under the same terms, resulting in the Amended and Restated Senior Secured Promissory Note. The Note bears interest at 8% per annum and matures on January 28, 2027. Proceeds of the additional borrowing are intended for working capital to produce a large organic strawberry order scheduled for June delivery to one of the Company’s largest customers.

Key Details

• Total principal: $2,250,000 (original $1.5M + $0.75M additional).
• Interest rate: 8.0% per year; maturity date: January 28, 2027.
• Collateral: obligations are secured by a lien on substantially all of the Company’s assets under an existing Security Agreement (dated July 23, 2024).
• Purpose: working capital for high-cost raw materials to fulfill a large strawberry order for June delivery.

Why It Matters
This filing creates a new, material secured debt obligation and increases the Company’s leverage in the short term. The loan is secured by substantially all assets, which limits asset flexibility and raises refinancing or repayment risk given the January 2027 maturity. The funds are targeted at fulfilling a large customer order—if successful, that could support near-term revenue, but investors should note the added debt, interest costs, and secured claim on assets. The full Note and Security Agreement are filed as exhibits to the 8-K for investors who want the detailed terms.