Laird Superfood, Inc. Acquires Navitas LLC and Secures Investment from Nexus Capital Management

Laird Superfood, Inc. has entered into a definitive agreement to acquire Navitas LLC and its parent company GSC for $38.5 million. This acquisition is being funded through a combination of cash and a $50 million investment from Nexus Capital Management in Series A Preferred Stock. The deal is expected to close in the first quarter of 2026, subject to stockholder approval and customary closing conditions. Nexus will receive significant governance rights, including board representation, proportional to their ownership. The company also announced the execution of voting and support agreements with certain stockholders and a registration rights agreement with Nexus. This strategic move aims to enhance Laird Superfood's market position and growth prospects.