---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-007994"
form_type: "8-K"
ticker: "LSF"
cik: "0001650696"
company_name: "Laird Superfood, Inc."
filed_at: "2026-03-12T23:59:59+00:00"
generated_at: "2026-05-15T13:36:30.625144+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Laird Superfood closes $38.5M Navitas acquisition, $50M Nexus preferred investment; Nexus gains control with 56.3% stake

## Summary
- Acquired Navitas LLC and Global Superfoods for $38.5M cash; funded by $50M Series A Preferred issuance to Nexus affiliates.
- Nexus holds Series A convertible at $3.57/share, representing 56.3% of common (73.9% if additional shares issued).
- Board expanded to nine; Nexus designates four new directors plus Grant LaMontagne as chairman; two prior directors resigned.
- Series A Preferred has 5% cumulative compounded quarterly dividend; mandatory conversion trigger after 30 months if price>7.50 and volume>100k avg.
- Company may require Nexus to purchase up to $60M additional Preferred for future strategic acquisitions.

## SEC filing metadata
- accession: 0001437749-26-007994
- form_type: 8-K
- ticker: LSF
- cik: 0001650696
- company_name: Laird Superfood, Inc.
- filed_at: 2026-03-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 3.03, 5.03, 5.01, 5.02, 5.07, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650696/000143774926007994/0001437749-26-007994-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650696/000143774926007994/lsf20260310_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-007994
- JSON: https://secwatch.observer/filing/0001437749-26-007994.json
- Plain text: https://secwatch.observer/filing/0001437749-26-007994.txt

## Key facts
- Equity Issuances
  Laird Superfood, Inc. issued 50,000 Initial Shares of Series A Preferred Stock of preferred stock to Nexus Investment for $50.0 million in gross proceeds.
  - Security: preferred stock
  - Shares: 50,000 Initial Shares of Series A Preferred Stock
  - Purchaser: Nexus Investment
  - Consideration: $50.0 million in gross proceeds
  source text: on the Closing Date, the Investor purchased the Initial Shares from the Company for gross proceeds of $50.0 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650696/000143774926007994/0001437749-26-007994-index.htm
- Material Agreements
  Laird Superfood, Inc. entered into Registration Rights Agreement with Nexus.
  - Action: entry
  - Counterparty: Nexus
  source text: “ Nexus Investment ” and, together with the Navitas Acquisition, the “ Transactions ”). A substantial portion of the proceeds from the Nexus Investment were used to complete the Navitas Acquisition.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650696/000143774926007994/0001437749-26-007994-index.htm

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