Laird Superfood amends Preferred conversion price; two directors resign as Nexus deal progresses

Laird Superfood, Inc.

Amendment No. 1 sets conversion price for Additional Shares of Series A Preferred at NYSE American Minimum Price.
Directors Geoffrey Barker and Patrick Gaston resign effective at Closing of Nexus $50M investment.
Company retains option to require Nexus to buy up to $60M in additional Preferred shares for strategic deals.
Board to be fixed at nine members with four Nexus designees plus Grant LaMontagne.

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