BOF

EX-99.1

2 ex99-1.htm

EX-99.1

Exhibit 99.1

BranchOut Food Shareholder Update: Record Q2 Revenue and Major Retail Wins Position Company for Transformational Q4 and Beyond

Record customer wins, rapidly increasing factory utilization, and expanding recurring business create a clear path toward significantly higher revenue and margin expansion.

Key Highlights

●Record Q2 revenue of approximately $4.5 million, representing another all-time high for the Company.

●Nation’s second-largest warehouse club transitions BranchOut’s Crunchy Fruit Chips to an approximately $8 million annual everyday program in 309 clubs beginning in September with an opportunity to expand store count next year.

●Production planned to nearly double to 70–80 metric tons per month as major customer programs begin ramping.

●Additional estimated $2 million Tropical Mix order secured with the same retailer, with shipments beginning in December and potential to become another everyday item.

●Five-product launch, hits the target, with a leading U.S. mass retailer beginning in September expands BranchOut’s branded platform into a major new retail customer.

●Ingredient business continues accelerating, with multiple new commercial wins and growing adoption by large CPG companies.

●Based on current booked orders, management estimates Q4 revenue of approximately $6-7 million. Factory utilization is expected to double by September, driving meaningful margin expansion through improved operating leverage.

BEND,

Ore., Aug 13th 2026 — BranchOut Food Inc. (NASDAQ: BOF), a food technology company pioneering next-generation fruit, vegetable, and dairy-based snacks through its proprietary GentleDry™ technology, today provided a business update following another record quarter and outlined management’s expectations for what it believes will be a transformational fourth quarter and beyond as major customer programs significantly ramp.

Record Q2 Summary

BranchOut generated record second quarter revenue of approximately $4.5 million, representing another all-time quarterly high for the Company. Growth was driven by continued execution across both its branded retail and rapidly expanding ingredient businesses while positioning the Company for substantially higher production volumes in the second half of 2026.

The second quarter represented an important investment period as the Company prioritized securing large, recurring customer programs over maximizing short-term profitability. To support the initial launch of its Crunchy Fruit Mix with the nation’s second-largest warehouse club retailer, BranchOut incurred one-time costs associated with first-time production scale-up, expedited freight, marketing support, and in-store demonstrations. While these investments temporarily pressured margins, they ultimately resulted in the product being accepted as an approximately $8 million annual everyday program, allowing the Company to transition to continuous production with significantly improved manufacturing efficiencies and margins.

Similarly, BranchOut produced significant volumes of strawberries for its ingredient business during the quarter at a time when raw material costs were nearly twice normal seasonal pricing. Although this reduced margins on those initial shipments, the Company secured substantially larger recurring strawberry programs that will be produced during season under planned purchasing contracts, which management expects will generate gross margins of approximately 40%.

Management believes these strategic investments have established a growing base of recurring business that positions the Company for significantly higher production volumes and stronger profitability beginning in the fourth quarter.

Nation’s Second-Largest Warehouse Club Expands Everyday Business

Following exceptional consumer response, BranchOut’s Crunchy Fruit Chips have transitioned from a one time order to an approximately $8 million annual program across 309 clubs, with shipments beginning in September.

Building on that success, the retailer also awarded BranchOut an additional estimated $2 million Tropical Mix order, with shipments expected to begin in December. Management believes the product has the potential to become another everyday offering following its initial launch.

Leading U.S. Mass Retailer Launch Begins in September

BranchOut will launch five branded products with a leading U.S. mass retailer beginning in September, significantly expanding the Company’s branded platform into a major new retail customer. The launch includes both fruit snacks and new vegetable- and dairy-based products, demonstrating the expanding capabilities of the GentleDry™ platform.

Ingredient Business Becoming a Major Growth Engine

The Company’s ingredient business continues to accelerate through multiple new commercial wins and growing ingredient integration by large CPG companies. After generating approximately $2 million in revenue during 2025, management expects this busi

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2026-01-28 2026-01-28

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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): January 28, 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 January 28, 2026, BranchOut Food Inc. (the “Company”), borrowed $1,500,000 from Kaufman Kapital LLC (“Kaufman”), pursuant to a Senior Secured Promissory Note in the principal amount of $1,500,000 (the “Note”), issued by the Company to Kaufman. The Note matures on January 28, 2027 and bears interest at a rate of 8% per annum. The Company’s obligations under the Note are secured by a lien granted to Kaufman on substantially all of the Company’s assets pursuant to a Security Agreement previously entered between the Company and Kaufman (the “Security Agreement”) in connection with the issuance of a 12% Senior Secured Convertible Promissory Note of the Company, dated July 23, 2024 (the “Convertible Note”). In addition, the Note includes affirmative and negative covenants, events of defaults and other terms and conditions, customary in transactions of this nature.

The information set forth above is qualified in its entirety by reference to the actual terms of the Note and Security Agreement, which have been filed as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K, and which are incorporated herein by reference.

Item 2.02. Results of Operations and Financial Condition.

On January 28, 2026, the Company issued a press release that included selected financial results for its quarterly and year-end periods ended December 31, 2025. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

The information furnished herewith as Exhibit 99.1 shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 is incorporated herein by reference.

Item 8.01 Other Events.

On January 28, 2026, Kaufman converted $500,000 of principal outstanding under the Convertible Note into 659,457 shares of the Company’s common stock. The issuance of such shares have been registered under a Registration Statement on Form S-3 declared effective by the Securities and Exchange Commission on July 11, 2025.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit 10.1

Senior Secured Promissory Note of the Company in the principal amount of $1,500,000, dated January 28, 2026, issued to Kaufman Kapital LLC

Exhibit 10.1

Security Agreement between the Company and Kaufman Kapital LLC, dated July 23, 2024 (incorporated by reference to Exhibit 10.3 of the Form 8-K filed by

false 0001962481

0001962481

2025-10-21 2025-10-21

iso4217:USD

xbrli:shares

iso4217:USD

xbrli:shares

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): October 21, 2025

BRANCHOUT

FOOD INC.

(Exact name of registrant as specified in its charter)

Nevada

001-41723

87-3980472

(State or other jurisdiction

(Commission

(I.R.S. Employer

of incorporation)

File Number)

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 2.02. Results of Operations and Financial Condition.

On October 21, 2025, BranchOut Food Inc. (the “Company”) issued a press release that included selected financial results for its quarterly and nine-month periods ended September 30, 2025. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

The information furnished herewith pursuant to this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. The information in this Current Report on Form 8-K shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit 99.1

Press Release dated October 21, 2025

Exhibit 104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

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SIGNATURES

Pursuant to the requirements of the Securities and 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: October 21, 2025 By: /s/ Eric Healy

Eric Healy, Chief Executive Officer

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