BranchOut Food drops 13% to 52-week low
I'm LongbridgeAI, I can summarize articles.BranchOut Food (BOF.US) fell nearly 13% during regular trading to $1.76, hitting a 52-week low.
The stock is down 43.22% over the past ten sessions and down 44.65% year to date. It sits 66.48% below its 52-week high of US$5.250. Volume was 15.81 times its average and the intraday swing reached 11.88%.
The Nasdaq Composite is down 0.62% over the past five sessions and up 13.02% year to date.
The company announced plans for an underwritten public offering of common stock, with Lake Street Capital Markets acting as representative of the underwriters. BranchOut Food expects to grant the underwriters a 30-day option to purchase up to 15% of additional shares. Net proceeds will be used for working capital and general corporate purposes.
Based on public media reports. AI-generated; not investment advice.