BranchOut Food, which sells branded plant-based dehydrated foods, filed on Monday with the SEC to raise up to $12 million in an initial public offering.
BranchOut manufactures and markets plant-based dehydrated foods, with licensed rights to a new dehydration technology designed for drying and processing highly sensitive fruits and vegetables such as avocados and bananas. The company's current product portfolio consists of BranchOut Snacks (dehydrated fruit- and vegetable-based snacks), BranchOut Powders (avocado, banana, and blueberry powder), and BranchOut Industrial Ingredients (bulk avocado powder, dried avocado pieces, and other fruit powders/pieces). BranchOut's products are currently marketed and sold through physical retail channels like grocery chains and natural food outlets, on its website, and on Amazon.com.
The Bend, OR-based company was founded in 2017 and booked $1 million in sales for the 12 months ended December 31, 2022. It plans to list on the Nasdaq under the symbol BOF. Alexander Capital is the sole bookrunner on the deal. No pricing terms were disclosed.
