secwatch.observer — SEC 8-K summary
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Issuer:     Laird Superfood, Inc. (LSF)
CIK:        0001650696
Form:       8-K
Filed at:   2026-04-21T23:59:59+00:00
Accession:  0001437749-26-012942
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 3.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Laird Superfood acquires Terrasoul for $48M cash plus $5M earnout; Nexus invests $60M in preferred stock
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- Acquisition of Terrasoul Superfoods for $48M cash, up to $5M earnout; Terrasoul had $65.8M unaudited net sales in FY2025.
- Funded by $60M Series A Convertible Preferred issuance to Nexus Capital affiliates; Nexus to own ~71.7% fully diluted.
- Dennis Botts, Terrasoul co-founder, enters 2-year advisory agreement for $1.5M paid monthly.
- Seller parties subject to 3-5 year non-compete and restrictive covenants post-closing.
- Financial statements of Terrasoul to be filed within 71 days via 8-K amendment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650696/000143774926012942/0001437749-26-012942-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650696/000143774926012942/lsf20260421_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-012942

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer