Nexus Special Situations III, L.P. Acquires Series A Convertible Preferred Stock in Laird Superfood, Inc.

On April 21, 2026, Nexus Special Situations III, L.P. (NSSIII), a significant shareholder, acquired an additional 24,000 shares of Series A Convertible Preferred Stock in Laird Superfood, Inc. for $1,000 per share. This transaction increases NSSIII's holdings to 44,000 preferred shares, representing approximately 12,324,930 underlying common shares. The Series A Convertible Preferred Stock is perpetual, with redemption rights for the holder on or after March 12, 2033, and potential mandatory conversion for the corporation starting September 12, 2028, subject to certain financial conditions. Michael Cohen, one of the owners of Nexus Capital Management, the investment manager for NSSIII, serves on the board of directors of Laird Superfood, Inc.