Form 8-K
8-K — BranchOut Food Inc.
Accession: 0001493152-26-021705
Filed: 2026-05-07
Period: 2026-05-07
CIK: 0001962481
SIC: 2000 (FOOD & KINDRED PRODUCTS)
Item: Entry into a Material Definitive Agreement
Item: Financial Statements and Exhibits
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): May 7, 2026
BRANCHOUT
FOOD INC.
(Exact
name of registrant as specified in its charter)
Nevada
001-41723
87-3980472
(State
or other jurisdiction
of
incorporation)
(Commission
File
Number)
(I.R.S.
Employer
Identification
Number)
205
SE Davis Avenue, Bend Oregon
97702
(Address
of principal executive offices)
(Zip
Code)
(844) 263-6637
(Registrant’s telephone number, including area code)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
Stock, par value $0.001 per share
BOF
Nasdaq
Capital Market
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
1.01. Entry into a Material Definitive Agreement.
On
May 7, 2026, BranchOut Food Inc. (the “Company”) and Kaufman Kapital LLC (“Kaufman”) entered into a Warrant Exercise
and Amendment to Note and Warrant Agreement (the “Agreement”), pursuant to which Kaufman exercised in full, for a cash payment
to the Company of $750,000, a Warrant to purchase 500,000 shares of the Company’s common stock with an exercise price of $1.50
per share issued to Kaufman on July 15, 2024 (the “Warrant”).
In
addition, pursuant to the Agreement, Kaufman and the Company agreed (i) to extend the maturity date of the 12% Senior Secured Convertible
Promissory Note of the Company in the original principal amount of up to $3,400,000, issued to Kaufman on July 15, 2024 (the “Convertible
Note”) from December 31, 2026 to December 31, 2027, (ii) to reduce the interest rate under the Convertible Note from 12% to 8%,
effective May 7, 2026, and (iii) that the Company will not prepay more than $2,400,000 of principal outstanding under the Convertible
Note prior to September 30, 2027.
Pursuant
to the Agreement, the Company also agreed (i) to file a registration statement within 30 days of the date of the Agreement to register
the resale by Kaufman of the shares of common stock issued upon exercise of the Warrant, and (ii) upon Kaufman’s request, to file
an additional registration statement within 30 days of such request to register the shares of common stock issuable upon conversion of
interest under the Convertible Note.
The
information set forth above is qualified in its entirety by reference to the actual terms of the Agreement, which has been filed as Exhibit
10.1 to this Current Report on Form 8-K, and which is incorporated herein by reference.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit
10.1
Warrant Exercise and Amendment to Note And Warrant Agreement, dated as of May 7, 2026, between BranchOut Food Inc. and Kaufman Kapital LLC.
Exhibit
104
Cover
Page Interactive Data File (embedded within the Inline XBRL document)
2
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
BranchOut
Food Inc.
Date:
May 7, 2026
By:
/s/
Eric Healy
Eric
Healy, Chief Executive Officer
3
EX-10.1
EX-10.1
Filename: ex10-1.htm · Sequence: 2
Exhibit
10.1
WARRANT
EXERCISE AND AMENDMENT TO NOTE AND WARRANT AGREEMENT
THIS
WARRANT EXERCISE AND AMENDMENT TO NOTE AND WARRANT AGREEMENT (this “Agreement”), dated as of May 7, 2026, is
made by and among BranchOut Food Inc., a Nevada corporation (the “Company”), and Kaufman Kapital LLC (“Kaufman
Kapital”).
RECITALS
WHEREAS,
Kaufman Kapital is the holder of (i) a 12% Senior Secured Convertible Promissory Note of the Company in the original principal amount
of up to $3,400,000, dated as of July 15, 2024, with a current outstanding principal balance of $2,900,000 (the “Convertible
Note”), and (ii) a warrant to purchase 500,000 shares of the Company’s common stock at an exercise price of $1.50
per share, dated July 15, 2024 (the “$1.50 Warrant”);
WHEREAS,
the maturity date of the Convertible Note and the expiration date of the $1.50 Warrant were each previously extended to December 31,
2026 pursuant to that certain Warrant Exercise and Amendment to Notes and Warrant Agreement, dated as of May 30, 2025, between the Company
and Kaufman Kapital (the “June 2025 Amendment”);
WHEREAS,
the Company has requested that Kaufman Kapital exercise the $1.50 Warrant to provide the Company with working capital, and Kaufman Kapital
is willing to do so, subject to the terms and conditions of this Agreement; and
WHEREAS,
in consideration of Kaufman Kapital’s exercise of the $1.50 Warrant, the Company and Kaufman Kapital desire to amend certain terms
of the Convertible Note as provided herein.
NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto
hereby agree as follows:
1.
Effective Time. This Agreement shall become effective upon the Company’s actual receipt of the Exercise Price (as defined in
Section 3 below) by wire transfer of immediately available funds (the “Effective Time”). Until the Effective
Time, the amendments set forth in Section 2 and the prepayment restrictions set forth in Section 4 shall have no force or effect.
2.
Amendments to the Convertible Note. Effective as of the Effective Time:
(a)
Extension of Maturity Date. The definition of the “Maturity Date” as set forth in the Convertible Note is hereby
amended by replacing “December 31, 2026” with “December 31, 2027.”
(b)
Reduction of Interest Rate. Section 2.A. of the Convertible Note is hereby amended to replace “twelve (12%) percent”
with “eight (8%) percent.” For the avoidance of doubt, all interest accrued under the Convertible Note through the Effective
Time shall be calculated at the rate of twelve percent (12%) per annum. From and after the Effective Time, interest shall accrue at the
rate of eight percent (8%) per annum. Interest accrued at 12% prior to the Effective Time remains outstanding and convertible in accordance
with the terms of the Convertible Note.
3.
Exercise of $1.50 Warrant. Kaufman Kapital hereby irrevocably exercises the $1.50 Warrant in full on a cash basis for 500,000 shares
of the Company’s common stock, for an aggregate exercise price of $750,000 (the “Exercise Price”), to
be paid to the Company by wire transfer of immediately available funds concurrently with the execution of this Agreement. The Company
shall deliver the 500,000 shares of common stock to Kaufman Kapital promptly following receipt of the Exercise Price in accordance with
the terms of the $1.50 Warrant.
Page 1
4.
Prepayment Restrictions. Effective as of the Effective Time, the prepayment restrictions set forth in Section 5 of the June 2025
Amendment are hereby amended and restated in their entirety as follows:
(a)
Unless otherwise agreed to by Kaufman Kapital, in no event shall the Company prepay more than $2,400,000 of principal outstanding under
the Convertible Note prior to September 30, 2027.
(b)
For the avoidance of doubt, the foregoing restrictions shall not limit Kaufman Kapital’s right to convert outstanding principal
and accrued interest under the Convertible Note into shares of common stock at any time in accordance with the terms thereof.
5.
Registration of Warrant Shares.
(a)
Filing Obligation. Within thirty (30) calendar days following the Effective Time, the Company shall file with the Securities
and Exchange Commission (the “SEC”) a new registration statement on Form S-3 (or, if the Company is not eligible to use Form
S-3, on such other form as the Company is eligible to use), or a post-effective amendment to the Company’s existing Registration
Statement on Form S-3 (Reg. No. 333-288512), in either case covering the resale of the 500,000 shares of Common Stock issued upon exercise
of the $1.50 Warrant pursuant to Section 3 of this Agreement (the “New Registration Statement”) (the “Warrant
Shares”).
(b)
Effectiveness. The Company shall use commercially reasonable efforts to cause the New Registration Statement to be declared
effective by the SEC as promptly as practicable following filing, and in any event within ninety (90) calendar days following the Effective
Time (or within one hundred twenty (120) calendar days if the SEC reviews and provides comments on the New Registration Statement).
(c)
Maintenance. The Company shall use commercially reasonable efforts to keep the New Registration Statement continuously effective
until the earliest of (i) the date on which all Warrant Shares covered by the New Registration Statement have been sold, (ii) the date
on which all Warrant Shares may be sold without restriction pursuant to Rule 144 under the Securities Act of 1933, as amended, without
volume or manner-of-sale limitations and without the requirement for current public information, or (iii) the second anniversary of the
date on which the New Registration Statement is declared effective by the SEC.
(d)
Expenses. The Company shall bear all costs and expenses incurred in connection with the preparation, filing and maintenance
of the New Registration Statement, including all registration and filing fees, fees and expenses of the Company’s counsel and independent
registered public accounting firm, and the costs of compliance with state securities or “blue sky” laws. Kaufman Kapital
shall bear all underwriting discounts and commissions, if any, attributable to the sale of the Warrant Shares, and the fees and expenses
of Kaufman Kapital’s own counsel.
(e)
Cooperation. Kaufman Kapital agrees to furnish to the Company such information regarding Kaufman Kapital and the proposed
distribution of the Warrant Shares as the Company may reasonably request in connection with the preparation of the New Registration Statement,
including a completed selling stockholder questionnaire in customary form.
Page 2
(f)
Future Registration of Interest Conversion Shares. At any time following the Effective Time, Kaufman Kapital shall have the
right to request, by written notice to the Company, that the Company register for resale shares of common stock issuable upon conversion
of accrued and unpaid interest under the Convertible Note (the “Interest Conversion Shares”). Within thirty (30) calendar
days following receipt of such request, the Company shall file with the SEC a new registration statement on Form S-3 (or such other form
as the Company is eligible to use), or a post-effective amendment to an existing registration statement, covering the resale of the number
of Interest Conversion Shares specified in Kaufman Kapital’s request. The provisions of Sections 5(b), 5(c), 5(d), and 5(e) shall
apply to any such registration statement or post-effective amendment, mutatis mutandis.
6.
Public Disclosure. The Company shall file a Current Report on Form 8-K within four (4) business days following the Effective Time
disclosing the material terms of this Agreement and filing a copy of this Agreement as an exhibit thereto.
7.
No Other Amendments. Except as expressly provided herein, the Convertible Note (including, without limitation, the conversion price,
conversion mechanics, and security interest), the Securities Purchase Agreement, the Security Agreement, and all other agreements between
the parties (collectively, the “Transaction Documents”) shall be unmodified and shall continue to be in full force and effect
in accordance with their respective terms.
8.
Governing Law. The laws of the State of Nevada shall govern all matters arising out of, in connection with or relating to this Agreement,
including, without limitation, its validity, interpretation, construction, performance and enforcement.
9.
Counterparts. This Agreement may be executed by the parties hereto in separate counterparts, each of which shall be deemed an original,
and all of which together shall constitute one and the same instrument. Signatures delivered by electronic means (including PDF) shall
be deemed original signatures.
Page 3
IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered as of the day and year first written
above.
BRANCHOUT
FOOD INC.
KAUFMAN
KAPITAL LLC
/s/ Eric Healy
/s/ Daniel L. Kaufman
By:
Eric
Healy
By:
Daniel
L. Kaufman
Title:
Chief
Executive Officer
Title:
Managing
Member
Page 4
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