Nexus Capital Management LP Acquires Majority Stake in Laird Superfood, Inc.

On March 12, 2026, Nexus Capital Management LP, through its affiliates, acquired a significant stake in Laird Superfood, Inc. as part of a series of transactions. This involved the acquisition of Navitas LLC and Global Superfoods Corp. for $38.5 million, funded in part by a $50 million investment from Nexus Capital Management in exchange for Series A Preferred Stock. This preferred stock is convertible into 14,005,602 shares of common stock, representing a 56.7% ownership stake post-conversion. Nexus Capital Management, along with its affiliated entities and key individuals Michael Cohen, Damian Giangiacomo, and Daniel Flesh, are the reporting persons. They acquired these securities for investment purposes and intend to continuously review their position, potentially engaging in discussions regarding strategic transactions, changes to the company's capitalization, or other significant corporate actions. The transactions were conducted under an exemption from registration requirements.