BranchOut Food Inc. borrowed an additional $750,000 from Kaufman Kapital LLC under an amended senior secured promissory note, increasing total principal to $2,250,000 for working capital to fund a large organic strawberry order.
Key takeaways
Company borrowed $750,000 additional from Kaufman Kapital LLC on April 17, 2026, amending original $1,500,000 note from January 28, 2026.
Total principal under Amended and Restated Senior Secured Promissory Note now $2,250,000, maturing January 28, 2027.
Note bears 8% per annum interest, secured by lien on substantially all Company assets via existing Security Agreement.
Proceeds of additional loan designated for working capital to produce large organic strawberry order for June delivery to largest customer.
Includes customary affirmative and negative covenants, events of default.
Optional prepayment allowed without premium or penalty.