Microcap BranchOut Food drops on stock offering plans

Branchout Food

27/08/2026 12:24

** Dehydrated fruits and vegetables products producer BranchOut
Food's  BOF.O  shares down 8.8% at $3.51 premarket after equity
raise news
** BOF late Weds kicked off stock offering to multiple
investors; deal size not disclosed
    ** Co intends to use net proceeds for working capital,
general purposes
    ** Bend, Oregon-based BOF has ~15.3 mln shares outstanding
for roughly $60 mln market cap
    ** Lake Street Capital Markets leading proposed offering
    ** BOF shares closed down 3% on Weds, trimming YTD gain to
21%
    ** Stock is very thinly traded; 30-day avg volume is about
21,000 shares and 90-day avg is about 70,000 shares, per LSEG
data
     

(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@tr.com 1-646-279-6380))