BranchOut Food Inc. Announces $3.925M CEO-led Investment Including an Insider PIPE and Convertible note
BranchOut Food Inc. (NASDAQ: BOF) has secured a $3.925M investment, including a CEO-led insider PIPE and a convertible note. This funding, combined with a recent $1.4M public offering, positions the company to complete its Peru factory construction and achieve profitability. The investment includes $525,000 from company insiders and a $3,400,000 convertible note from Kaufman Kapital.
The capital will be used to finalize the build-out of BranchOut's large-scale production facility in Peru, including two additional REV machines. The new factory, expected to be operational in Q4, will have an estimated $40M production capacity with 40-50% margins. BranchOut is currently fulfilling over $8 million in orders from major retailers and anticipates profitable growth with the increased capacity.
BranchOut Food Inc. (NASDAQ: BOF) ha ottenuto un investimento di 3,925 milioni di dollari, comprensivo di un PIPE interno guidato dal CEO e una nota convertibile. Questo finanziamento, insieme a una recente offerta pubblica di 1,4 milioni di dollari, posiziona l'azienda per completare la costruzione della sua fabbrica in Perù e raggiungere la redditività. L'investimento include 525.000 dollari da parte dei membri interni dell'azienda e una nota convertibile di 3.400.000 dollari fornita da Kaufman Kapital.
Il capitale sarà utilizzato per completare l'allestimento della grande struttura produttiva di BranchOut in Perù, comprese due ulteriori macchine REV. La nuova fabbrica, prevista per essere operativa nel quarto trimestre, avrà una capacità produttiva stimata di 40 milioni di dollari con margini compresi tra il 40% e il 50%. BranchOut sta attualmente soddisfacendo ordini superiori a 8 milioni di dollari da importanti rivenditori e prevede una crescita redditizia con l'aumento della capacità.
BranchOut Food Inc. (NASDAQ: BOF) ha asegurado una inversión de 3.925 millones de dólares, incluyendo un PIPE interno liderado por el CEO y un pagaré convertible. Este financiamiento, combinado con una reciente oferta pública de 1.4 millones de dólares, posiciona a la empresa para completar la construcción de su fábrica en Perú y alcanzar la rentabilidad. La inversión incluye 525.000 dólares de los directivos de la empresa y un pagaré convertible de 3.400.000 dólares de Kaufman Kapital.
El capital se utilizará para finalizar la construcción de la gran instalación de producción de BranchOut en Perú, que incluye dos máquinas REV adicionales. Se espera que la nueva fábrica, que estará operativa en el cuarto trimestre, tenga una capacidad de producción estimada de 40 millones de dólares con márgenes del 40% al 50%. BranchOut está cumpliendo actualmente con más de 8 millones de dólares en pedidos de importantes minoristas y anticipa un crecimiento rentable con el aumento de capacidad.
BranchOut Food Inc. (NASDAQ: BOF)가 392.5만 달러의 투자를 확보했습니다. 이에는 CEO가 이끄는 내부 PIPE와 전환사채가 포함되어 있습니다. 이 자금은 최근의 140만 달러 공모와 결합되어 회사가 페루 공장 건설을 완공하고 수익성을 달성할 수 있는 위치에 점할 수 있도록 합니다. 이번 투자에는 회사 내부자로부터의 52만 5천 달러와 Kaufman Kapital의 340만 달러 전환사채가 포함됩니다.
자본은 BranchOut의 페루 대규모 생산 시설 완공 및 추가 REV 기계 두 대 설치에 사용될 예정입니다. 새로운 공장은 4분기 운영을 목표로 하며, 4천만 달러의 생산 능력과 40-50%의 마진을 가질 것으로 예상됩니다. BranchOut는 현재 800만 달러 이상의 주문을 주요 소매업체로부터 이행하고 있으며, 생산 능력 증가와 함께 수익성 있는 성장을 기대하고 있습니다.
BranchOut Food Inc. (NASDAQ: BOF) a sécurisé un investissement de 3,925 millions de dollars, comprenant un PIPE interne dirigé par le PDG et une note convertible. Ce financement, combiné à une récente offre publique de 1,4 million de dollars, positionne l'entreprise pour terminer la construction de son usine au Pérou et atteindre la rentabilité. L'investissement inclut 525 000 dollars de la part des initiés de l'entreprise et une note convertible de 3 400 000 dollars de Kaufman Kapital.
Le capital sera utilisé pour finaliser l'aménagement de la grande installation de production de BranchOut au Pérou, y compris deux machines REV supplémentaires. La nouvelle usine, dont l'exploitation est prévue pour le quatrième trimestre, devrait avoir une capacité de production estimée à 40 millions de dollars avec des marges de 40 à 50 %. BranchOut gère actuellement plus de 8 millions de dollars de commandes de grands détaillants et anticipe une croissance rentable avec l'augmentation de la capacité.
BranchOut Food Inc. (NASDAQ: BOF) hat eine Investition in Höhe von 3,925 Millionen US-Dollar gesichert, die ein vom CEO geleitetes Insider-PIPE und eine wandelbare Anleihe umfasst. Diese Finanzierung, zusammen mit einem kürzlichen öffentlichen Angebot von 1,4 Millionen US-Dollar, versetzt das Unternehmen in die Lage, den Bau seiner Fabrik in Peru abzuschließen und rentabel zu werden. Die Investition beinhaltet 525.000 US-Dollar von Unternehmensinsidern sowie eine wandelbare Anleihe von 3.400.000 US-Dollar von Kaufman Kapital.
Das Kapital wird verwendet, um den Ausbau der großen Produktionsstätte von BranchOut in Peru abzuschließen, einschließlich zwei zusätzlicher REV-Maschinen. Die neue Fabrik, die im vierten Quartal in Betrieb gehen soll, wird eine geschätzte Produktionskapazität von 40 Millionen US-Dollar mit einer Marge von 40% bis 50% haben. BranchOut erfüllt derzeit Orders im Wert von über 8 Millionen US-Dollar von großen Einzelhändlern und erwartet ein rentables Wachstum mit der erhöhten Kapazität.
- Secured $3.925M in new funding, including insider investments
- CEO-led investment demonstrates confidence in the company
- New Peru factory expected to have $40M production capacity
- Anticipated margins of 40-50% from new facility
- Current order pipeline valued at over $8 million
- Addition of experienced board member Deven Jain
- Company has been turning down orders due to capacity constraints
- Reliance on new factory completion for growth and profitability
Insights
The recent CEO-led investment of
In summary, the financial outlook appears strong, provided the new facility comes online as planned in Q4. Investors should monitor the execution of this project and subsequent impact on margins and profitability.
From a market perspective, BranchOut Food Inc. is strategically positioning itself for growth. The company has already secured orders valued at over
For retail investors, this strategic alignment with market demand and the ability to scale production rapidly are positive indicators. However, it's important to keep an eye on how quickly the company can ramp up production and whether they can maintain the projected margins.
The use of Radiant Energy Vacuum (REV) machines built by EnWave Corporation is a notable technical aspect of BranchOut Food Inc.’s operations. This technology is designed to dehydrate fruits and vegetables efficiently while preserving their nutritional value. The investment in additional REV machines for their new facility indicates a commitment to maintaining high product quality while scaling up production. The company’s GentleDry technology further enhances their product offerings by ensuring minimal nutrient loss during dehydration.
For investors, this technological edge could translate into a competitive advantage, allowing BranchOut to offer superior products at competitive prices. Monitoring how this technology performs at scale and its impact on production efficiency and product quality will be key to assessing the long-term sustainability of this advantage.
The combined
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
The capital will be used to complete the build out of the Company’s large-scale production facility in Peru, including for its 3rd and 4th Radiant Energy Vacuum (REV) machines built by EnWave Corporation (TSX-V: ENW | FSE: E4U). The Company expects the new factory to be online starting in Q4 and to have approximately
BranchOut Food is currently filling orders valued at over
Daniel Kaufman, founder of Kaufman Kapital added: “The combination of BranchOut’s innovative GentleDry technology, Peru’s high-quality, low-cost produce, and a seasoned leadership team presents a compelling opportunity. We are thrilled to support and partner with them.” Concurrent with the new financings, Deven Jain, an affiliate of Kaufman Kapital, joins BranchOut’s board of directors.
About Kaufman Kapital:
Founded by entrepreneur and investor Daniel Kaufman, Kaufman Kapital seeks to generate attractive, long-term risk adjusted returns. Kaufman focuses on identifying inflecting, misunderstood small cap businesses poised to generate significant free cash flow in both the public and private markets. By positioning themselves as not only long-term investors, but also partners, they are able to provide their portfolio companies with the guidance they need to successfully complete their transformation.
About BranchOut Food Inc.
BranchOut Food is an international food-tech company delivering truly great natural snacks and real superfood ingredients enabled by its licensed dehydration technology. The company’s exclusively licensed GentleDry Technology is the next generation in dehydration technology, preserving up to
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to expectations or forecasts of future events. Forward-looking statements may be identified using words such as "forecast," "intend," "seek," "target," "anticipate," "believe," "expect," "estimate", "plan," “position”, "outlook," and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements with respect to the operations of BranchOut Food, Inc., (the Company) strategies, prospects and other aspects of the business of the Company are based on current expectations that are subject to known and unknown risks and uncertainties, which could cause actual results or outcomes to differ materially from expectations expressed or implied by such forward-looking statements. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Although it may voluntarily do so from time to time, the Company undertakes no commitment to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
For more information
Jeff Ramson
PCG Advisory
646-863-6893
jramson@pcgadvisory.com
FAQ
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