BranchOut Food Inc. (BOF) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 27.52% of current shares
Recent Dilution: 157.13% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
14M
Potential Supply
4M
Additional shares possible
Splits
None
Past 2 years

Summary

BOF currently has 14.4M outstanding shares. with moderate dilution risk from 3.97M authorized shares representing 27.5% potential dilution. The company has significantly diluted shareholders by 157.13% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 14.4M shares outstanding

14M 4M
May 07, 2026

8-K filing: BranchOut Food Inc. entered into an agreement with Kaufman Kapital LLC where Kaufman exercised a warrant to purchase 500,000 shares of the Company's common stock for $750,000. ($0.75M proceeds)

12M 4M
Jan 30, 2026

8-K filing: Kaufman Kapital LLC converted $500,000 of principal outstanding under a Convertible Note into 659,457 shares of BranchOut Food Inc.'s common stock.

12M 4M
Nov 14, 2025

8-K filing: BranchOut Food Inc. completed an offering of 1,034,600 shares of common stock at a price of $2.50 per share, resulting in net proceeds of approximately $2,310,000 after deducting underwriting discounts, commissions, and offering expenses. ($2.59M proceeds)

12M 4M
Nov 12, 2025

10-Q filing | 11.5M shares outstanding

12M 3.4M
Aug 13, 2025

10-Q filing | 11.8M shares outstanding

12M 3.4M
Jul 03, 2025

S-3 filing: The filing discusses the issuance of warrants to purchase common stock in connection with a follow-on public offering and debt offerings.

8.7M 3.4M
Jun 02, 2025

8-K filing: BranchOut Food Inc. entered into an agreement with Kaufman Kapital LLC, where Kaufman exercised a warrant to purchase 1,000,000 shares of the Company's common stock for $1,000,000, and amendments were made to existing warrants and promissory notes. ($1.0M proceeds)

8.7M 3.8M
May 22, 2025

S-3 filing: BranchOut Food Inc. is filing a registration statement on Form S-3 relating to the offering of up to $10,000,000 of its common stock, preferred stock, warrants, and units consisting of one or more of these securities.

8.7M 3.8M
May 15, 2025

10-Q filing | 8.7M shares outstanding

8.7M 3.2M
Apr 15, 2025

10-K filing | 9.6M shares outstanding

9.6M 3.2M
Nov 14, 2024

10-Q filing | 7.9M shares outstanding

7.9M 3.2M
Nov 12, 2024

8-K filing: BranchOut Food Inc. sold 928,602 shares of common stock under an At-The-Market Issuance Sales Agreement with Alexander Capital, L.P. for gross proceeds of approximately $1,795,000, leading the Company to believe it has regained compliance with Nasdaq Listing Rule 5550(b)(1). ($1.8M proceeds)

6.8M 3.2M
Sep 23, 2024

S-3 filing: Registration statement on Form S-3 relating to the offering of common stock, preferred stock, warrants, and units with an aggregate offering price of up to $5,000,000.

6.8M 3.2M
Aug 14, 2024

10-Q filing | 6.8M shares outstanding

6.8M 3.2M
Jul 29, 2024

8-K filing: BranchOut Food Inc. issued a 12% Senior Secured Convertible Promissory Note for up to $3,400,000, warrants to purchase 1,000,000 shares at $1.00, and warrants to purchase 500,000 shares at $1.50 to Kaufman Kapital LLC for an initial loan of $2,000,000.

4.3M 3.2M
Jul 19, 2024

8-K filing: BranchOut Food Inc. entered into a Securities Purchase Agreement for a convertible note financing with Kaufman Kapital LLC, and also entered into Subscription Agreements with three investors for the sale of units consisting of common stock and warrants. ($1.05M proceeds)

4.3M 3.2M
Jul 01, 2024

8-K filing: BranchOut Food Inc. closed a public offering of 1,750,000 shares of common stock at $0.80 per share on June 28, 2024, resulting in net proceeds of approximately $940,000 for the company. ($1.4M proceeds)

4.3M 3.2M
Jun 24, 2024

S-1 filing: The filing is for an offering of 2,300,000 shares of common stock and 132,250 shares underlying the representative's warrants.

4.3M 3.2M
Jun 24, 2024

S-1/A filing: The filing relates to an offering of 1,750,000 shares of common stock and 100,625 shares of common stock underlying the representative's warrants.

4.3M 3.2M
May 24, 2024

8-K filing: BranchOut Food Inc. completed the sale of a $150,000 Senior Secured Promissory Note and a warrant to purchase 37,500 shares of common stock to a single investor on May 20, 2024.

4.1M 1.4M
May 20, 2024

8-K filing: BranchOut Food Inc. completed the sale of $900,000 of Senior Secured Promissory Notes and Warrants to purchase 225,000 shares of the Company's common stock to a group of investors led by Eagle Vision Fund LP.

4.1M 1.4M
May 14, 2024

10-Q filing | 4.1M shares outstanding

4.1M 1.4M
Apr 16, 2024

8-K filing: BranchOut Food Inc. completed the sale of $225,000 of Senior Secured Promissory Notes and Warrants to purchase an aggregate of 56,250 shares of the Company's common stock to a group of seven investors on April 16, 2024. ($0.23M proceeds)

4M 1.4M
Apr 01, 2024

10-K filing | 4.0M shares outstanding

4M 1.4M
Jan 16, 2024

8-K filing: BranchOut Food Inc. completed the sale of $400,000 of Senior Secured Promissory Notes and Warrants to purchase 100,000 shares of the Company's common stock to a group of six investors led by Eagle Vision Fund LP. ($0.4M proceeds)

4M 1.4M
Nov 14, 2023

10-Q filing | 4.0M shares outstanding

4M 1.4M
Aug 21, 2023

10-Q filing | 4.0M shares outstanding

4M 1.4M
Jun 27, 2023

8-K filing: BranchOut Food Inc. has outstanding total warrants to purchase up to 447,251 shares of its common stock as a result of the closing of its initial public offering on June 21, 2023.

1.1M 1.4M
Jun 22, 2023
Stock Split

8-K filing: BranchOut Food Inc. completed an initial public offering of 1,190,000 shares of common stock at $6.00 per share and a 1-for-2.5 reverse stock split was effective on June 16, 2023. ($7.14M proceeds)

1.1M 1.4M
Jun 13, 2023

S-1/A filing: This is an S-1/A filing related to the registration of common stock and associated expenses, including filing fees, legal counsel fees, and underwriter expenses.

2.8M 3.5M
Jun 09, 2023

S-1/A filing: The Registration Statement relates to the issuance and sale by the Company of up to 3,473,015 shares of the Company's common stock.

2.8M 3.5M
Jun 02, 2023

S-1/A filing: This is an S-1/A filing for an initial public offering of BranchOut Food Inc., consisting of 1,100,000 shares of common stock, with an assumed initial public offering price of $7.00 per share. The company has also granted the underwriter an option to purchase up to an additional 165,000 shares of common stock. The listing of our common stock on the Nasdaq is a condition to consummating the offering.

2.8M 1.2M
May 23, 2023

S-1/A filing: This is an S-1/A filing for an initial public offering of BranchOut Food Inc., offering 1,100,000 shares of common stock at an assumed price of $7.00 per share. The company has granted the underwriter an option to purchase up to an additional 165,000 shares. The company intends to use the proceeds from this offering for repayment of indebtedness, working capital and general corporate purposes.

2.8M 3.4M
May 12, 2023

S-1/A filing: This is an initial public offering of BranchOut Food Inc. offering 1,250,000 shares of common stock at an assumed price of $7.00 per share.

2.8M 3.5M
Apr 24, 2023

S-1 filing: This is an initial public offering of 1,250,000 shares of common stock of BranchOut Food Inc.

3M 1.3M
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