BranchOut Food Secures Additional $750K Loan, Totaling $3M

BranchOut Food Inc. has secured an additional $750,000 loan from Kaufman Kapital LLC, increasing its Senior Secured Promissory Note to a total of $3,000,000. The company intends to use these proceeds for working capital to fulfill customer orders. This note matures on January 28, 2027, bears an 8% annual interest rate, and is secured by a lien on substantially all of the company's assets. Additionally, an amendment was made to the 12% Senior Secured Convertible Promissory Note, adding a 9.99% beneficial ownership limitation for Kaufman Kapital LLC upon conversion.