BranchOut Food hits 52-week low in regular trading
I'm LongbridgeAI, I can summarize articles.BranchOut Food (BOF.US) slipped more than 3% during regular trading to $1.660, hitting a 52-week low intraday.
The stock is down 23.42% over the past ten sessions and down 46.54% year to date. It sits 68.38% below its 52-week high of US$5.250. Volume was 2.47 times its average.
The Nasdaq Composite is down 2.13% over the past five sessions and up 10.20% year to date.
The company announced the exercise of the over-allotment option in connection with its underwritten public offering of common stock. Lake Street Capital Markets acted as representative of the underwriters for the offering, which included a 30-day option to purchase up to an additional 15% of the shares offered. Net proceeds are intended for working capital and general corporate purposes.
Based on public media reports. AI-generated; not investment advice.