Loan & DebtApr 17, 2026, 04:21 PM
BranchOut Food Secures $2.25M Senior Secured Promissory Note
AI Summary
BranchOut Food Inc. amended and restated its Senior Secured Promissory Note with Kaufman Kapital LLC, increasing the total principal amount to $2,250,000. This includes an initial advance of $1,500,000 on January 28, 2026, and an additional $750,000 advance on April 17, 2026. The note bears an 8% annual interest rate and matures on January 28, 2027, secured by company collateral.
Key Highlights
- Amended Senior Secured Promissory Note with Kaufman Kapital LLC.
- Total principal amount increased to $2,250,000.
- Includes new advance of $750,000 on April 17, 2026.
- Note carries an 8% annual interest rate.
- Maturity date set for January 28, 2027.
Price Impact
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