Branchout food inc. announces $3.925m ceo-led investment including an insider pipe and convertible note

Bend, ore., july 24, 2024 (globe newswire) -- branchout food inc. (nasdaq: bof), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced the closing of a $525,000 investment in company led by its ceo, eric healy, who invested $400,000, with eagle vision fund lp (an entity affiliated with the company's cfo) investing $100,000, and the company's president investing $25,000, in exchange for the issuance of 692,529 shares of common stock . in addition, the company closed a convertible note for $3,400,000 with kaufman kapital.
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