Branchout food strengthens financial position with successful sale of senior secured promissory notes and warrants

Bend, ore., april 17, 2024 (globe newswire) -- branchout food inc. (nasdaq: bof), a food technology company and maker of dehydrated fruit and vegetable-based products, today announced that it has completed the sale of $225,000 of senior secured promissory notes ("notes") and warrants to purchase an aggregate of 56,250 shares of the company's common stock. each warrant is exercisable for a ten-year period at an exercise price of $2.00 per share.
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