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Stock impact report

Laird Superfood Announces Agreement to Acquire Navitas LLC and $50 Million Convertible Preferred Equity Investment from Nexus Capital [Yahoo! Finance]

Laird Superfood, Inc. (LSF) 
Company Research Source: Yahoo! Finance
announced that it has entered into an agreement to acquire all of the outstanding equity of Navitas LLC ("Navitas") for a purchase price of $38.5 million in cash, subject to customary purchase price adjustments (the "Navitas Acquisition"). The Navitas Acquisition is expected to be funded through the private placement (the "Nexus Investment" and, collectively with the Navitas Acquisition, the "Transactions") of $50.0 million of Series A Convertible Preferred Stock (the "Series A Preferred Stock") to affiliates of Nexus Capital Management, LP ("Nexus"). The Nexus Investment is subject to approval by Laird's stockholders and the satisfaction of other customary closing conditions. The parties expect to consummate the Transactions in the first quarter of 2026. "This acquisition represents a meaningful step forward in our strategy to build a scaled, diversified platform in functional nutrition," said Jason Vieth, Chief Executive Officer of Laird Superfood. "Navitas is a pioneering brand Show less Read more
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