Kaufman Kapital Increases Stake in BranchOut Food Inc. to 34.5% via Warrant Exercise and Note Conversion

On April 6, 2026, Kaufman Kapital LLC and Daniel L. Kaufman filed Amendment No. 2 to their Schedule 13D for BranchOut Food Inc. (BOF), reporting a significant increase in beneficial ownership to 34.5%. This increase follows several strategic transactions: the exercise of a $1.00 warrant for 1,000,000 shares on June 5, 2025, and the conversion of $500,000 in principal from a convertible note into 659,457 shares on January 28, 2026. The reporting persons currently hold 1,659,457 shares directly. Additionally, they hold derivative securities including $2,900,000 in remaining convertible note principal (convertible into 3,824,848 shares), approximately $628,600 in accrued interest (convertible into 829,001 shares), and a warrant for 500,000 shares. On the same day as the conversion, Kaufman Kapital provided a new $1,500,000 senior secured loan to the issuer. The reporting persons maintain these holdings for investment purposes and may adjust their position based on the issuer's performance and market conditions. Daniel L. Kaufman exercises sole voting and dispositive power over the securities held by Kaufman Kapital LLC.