---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-038540"
form_type: "8-K"
ticker: "LSF"
cik: "0001650696"
company_name: "Laird Superfood, Inc."
filed_at: "2025-12-22T23:59:59+00:00"
generated_at: "2026-05-16T12:25:26.637925+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Laird Superfood to acquire Navitas for $38.5M and issue $50M Series A Preferred; Nexus gets ~53.5% stake

## Summary
- Purchase price $38.5M cash for Navitas and GSC; expected close Q1 2026 subject to stockholder approval.
- Nexus affiliates invest $50M in Series A Preferred Stock convertible at $3.57, 5% dividend.
- Nexus will hold ~53.5% diluted ownership and appoint five of nine Board members post-closing.
- Voting agreements with insiders to support Preferred Stock Issuance; termination fees up to $2M.
- Company may require up to $60M additional Series A issuance for future strategic transactions.

## SEC filing metadata
- accession: 0001437749-25-038540
- form_type: 8-K
- ticker: LSF
- cik: 0001650696
- company_name: Laird Superfood, Inc.
- filed_at: 2025-12-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650696/000143774925038540/0001437749-25-038540-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650696/000143774925038540/lsf20251220_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-038540
- JSON: https://secwatch.observer/filing/0001437749-25-038540.json
- Plain text: https://secwatch.observer/filing/0001437749-25-038540.txt

## Key facts
- Material Agreements
  Laird Superfood, Inc. entered into Navitas Acquisition Agreement with Encore Consumer Capital Fund II, LP, The Ira and Joanna Haber Family Trust, Advantage Capital Agribusiness Partners, L.P., and Global Superfoods Corp., solely with respect to Section 12.16 valued at $38.5 million (effective 2025-12-21).
  - Action: entry
  - Agreement: merger
  - Counterparty: Encore Consumer Capital Fund II, LP, The Ira and Joanna Haber Family Trust, Advantage Capital Agribusiness Partners, L.P., and Global Superfoods Corp., solely with respect to Section 12.16
  - Value: $38.5 million
  - Effective: 2025-12-21
  source text: On December 21, 2025, Laird Superfood, Inc. (the “ Company ”) entered into a securities purchase agreement (the “ Navitas Acquisition Agreement ”) by and among the Company, Encore Consumer Capital Fund II, LP (“ Encore ”), in its capacity as a Seller (defined below) and the Seller representative, The Ira and Joanna Haber Family Trust, Dated October 5, 2015 (the “ Haber Family Trust ”), Advantage Capital Agribusiness Partners, L.P. (“ Advantage Capital ,” together with Encore and the Haber Family Trust, the “ Sellers ”), and, solely with respect to Section 12.16 thereof, Global Superfoods Corp. (“ GSC ”), pursuant to which, following the receipt of the Company Stockholder Approval (defined below), the Company will acquire, directly or indirectly, (i) all of the issued and outstanding units of Navitas LLC (“ Navitas ”) from the Sellers and (ii) all of the issued and outstanding capital stock of GSC from Encore for a purchase price of $38.5 million in cash, subject to customary purchase p
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650696/000143774925038540/0001437749-25-038540-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.