BRFH · Barfresh Food Group, Inc.

Summary

Barfresh Food Group, Inc. obtained subscriptions for $7,278,000 in unsecured senior convertible promissory notes from accredited investors beginning March 5, 2026, under Section 4(a)(2) exemption, accompanied by warrants. Proceeds will pay off the manufacturing facility mortgage, accelerate construction, and support reaffirmed FY2026 revenue guidance of $30-$35 million and $5 million EBITDA.

Key takeaways

• Subscriptions for $7,278,000 unsecured senior convertible notes obtained from accredited investors starting March 5, 2026
• Notes: 10% interest for first 12 months of 24-month term, convertible at $2.90/share
• Warrants to purchase common stock equal to 100% of investment at $3.20/share exercise price for 4 years
• Company to file registration statement within 60 days covering shares underlying notes and warrants
• Proceeds to pay off Defiance, Ohio manufacturing facility mortgage and accelerate completion
• Reaffirmed FY2026 revenue guidance $30-$35 million and EBITDA target $5 million