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Laird Superfood (LSF)

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Earnings summaries and quarterly performance for Laird Superfood.

Recent press releases and 8-K filings for LSF.

Laird Superfood Amends Investment Agreement for Series A Preferred Stock
LSF
Convertible Preferred Issuance
New Projects/Investments
  • Laird Superfood, Inc. (LSF) entered into an investment agreement on December 21, 2025, with an affiliate of Nexus Capital Management LP, for the purchase of 50,000 initial shares of Series A Preferred Stock at $1,000 per share, generating $50.0 million in gross proceeds.
  • The agreement includes an option for LSF to require the investor to purchase up to an additional 60,000 shares of Preferred Stock at $1,000 per share for strategic transactions, exercisable for up to 270 days following closing.
  • On January 30, 2026, an amendment was made to the Investment Agreement, modifying the conversion price for the Additional Shares to be the "Minimum Price" as defined by NYSE American rules.
  • Key terms of the Series A Preferred Stock include an initial conversion price of $3.57 per share and a dividend rate of 5.00% per annum.
  • The company may elect mandatory conversion of the preferred stock after the 30-month anniversary of the Issue Date, provided conditions such as the common stock closing price exceeding $7.50 for 120 trading days, an average daily trading volume of 100,000 shares, and EBITDA of at least $1.0 million for the preceding four fiscal quarters are met.
7 days ago
LSF Announces Navitas Acquisition and Nexus Investment
LSF
M&A
Convertible Preferred Issuance
New Projects/Investments
  • Laird Superfood (LSF) announced the acquisition of Navitas for $38.5 million, with the transaction expected to close in Q1 2026.
  • The acquisition is being funded by a $50 million investment from Nexus Capital Management through the purchase of Series A Preferred Stock, which will result in Nexus owning 53.5% of the combined company post-closing.
  • The combined entity is projected to have TTM Q3 2025 sales of $91 million with 36% gross margins and targets approximately $3.5 million in annualized cost synergies.
  • LSF also secured an option for an additional $60 million in funding from Nexus for future strategic transactions.
Jan 13, 2026, 4:00 PM
Laird Superfood to Participate in ICR Conference
LSF
M&A
New Projects/Investments
Product Launch
  • Laird Superfood is scheduled to participate in a fireside chat at the 28th Annual ICR Conference on January 13, 2026, at 11 A.M. Eastern.
  • During the presentation, the company's leadership will discuss agreements to acquire Navitas Organics with investment from Nexus Capital, continued innovation, recent product launches, and strategic growth initiatives.
  • Laird Superfood, founded in 2015 by Laird Hamilton, is a clean plant-based food brand offering superfood products such as creamers, instant lattes, coffees, bars, and prebiotic daily greens.
Jan 5, 2026, 12:00 PM
Laird Superfood Announces Acquisition of Navitas Organics
LSF
M&A
Convertible Preferred Issuance
New Projects/Investments
  • Laird Superfood has entered into an agreement to acquire Navitas LLC (Navitas Organics) for $38.5 million in cash.
  • The acquisition is funded by a $50 million convertible preferred equity instrument from Nexus Capital Management, with an option to draw up to an additional $60 million for future strategic opportunities.
  • Navitas Organics reported annual revenues of nearly $36.4 million in 2024 with a 32.7% gross margin in the same year, and is growing double digits.
  • The combined pro forma annual revenue base for 2024 is expected to be approximately $80 million, and the acquisition is anticipated to close in the first quarter of 2026.
Dec 22, 2025, 9:30 PM
Laird Superfood to Acquire Navitas Organics, Secures $50 Million in Funding
LSF
M&A
Convertible Preferred Issuance
New Projects/Investments
  • Laird Superfood has entered into an agreement to acquire Navitas LLC (Navitas Organics) for $38.5 million in cash, with the transaction expected to close in Q1 2026.
  • The acquisition is being funded through a $50 million convertible preferred equity instrument from Nexus Capital Management, which also includes an option to draw up to an additional $60 million for future strategic opportunities.
  • Navitas Organics reported annual revenues of nearly $36.4 million in 2024 with a 32.7% gross margin in the same year, and is growing double digits.
  • Laird Superfood achieved net sales of more than $43 million in fiscal year 2024 and anticipates 15% net sales growth in 2025.
  • The combined entity is projected to have a pro forma annual revenue base of approximately $80 million during 2024, and the acquisition is considered a "first step" in building a portfolio of health and wellness brands.
Dec 22, 2025, 9:30 PM
Laird Superfood Announces Acquisition of Navitas Organics
LSF
M&A
Convertible Preferred Issuance
New Projects/Investments
  • Laird Superfood has entered into an agreement to acquire Navitas LLC (Navitas Organics) for $38.5 million in cash.
  • The acquisition will be funded through a $50 million convertible preferred equity instrument from Nexus Capital Management, with an option to draw up to an additional $60 million for future strategic opportunities. Both the acquisition and investment are expected to close in Q1 2026.
  • Navitas Organics, founded in 2003, generated nearly $36.4 million in annual revenues in 2024 with a 32.7% gross margin and is growing double digits.
  • Laird Superfood reported more than $43 million in net sales during fiscal year 2024 and expects 15% net sales growth in 2025.
  • The combined pro forma annual revenue base for 2024 is approximately $80 million, strengthening Laird Superfood's position in the superfoods and wellness markets and offering significant commercial and operational synergies.
Dec 22, 2025, 9:30 PM
Laird Superfood Announces Navitas LLC Acquisition and Nexus Capital Investment
LSF
M&A
Convertible Preferred Issuance
Board Change
  • Laird Superfood, Inc. has entered into an agreement to acquire Navitas LLC for $38.5 million in cash.
  • The acquisition is expected to be funded through a private placement of $50.0 million of Series A Convertible Preferred Stock to affiliates of Nexus Capital Management, LP.
  • The transactions are anticipated to close in the first quarter of 2026, subject to customary closing conditions and approval by Laird's stockholders.
  • Upon closing, Nexus Capital's equity interest in Laird Superfood would represent approximately 53.5% of the company's diluted outstanding stock, and the board of directors will be reconstituted to include five Nexus director designees out of nine members.
Dec 22, 2025, 9:05 PM
Laird Superfood to Acquire Navitas LLC
LSF
M&A
Convertible Preferred Issuance
New Projects/Investments
  • Laird Superfood has agreed to acquire Navitas LLC for $38.5 million in cash.
  • The acquisition, expected to close in the first quarter of 2026, will be funded by a $50 million convertible preferred equity investment from affiliates of Nexus Capital Management.
  • This deal is intended to advance Laird's strategy to build a scaled, diversified platform in functional nutrition, expanding its e-commerce and retail reach with Navitas’ organic powders, berries, and seeds.
  • Investors reacted positively to the announcement, lifting LSF shares roughly 7.3%.
Dec 22, 2025, 12:10 PM
Laird Superfood Reports Q3 2025 Financial Results
LSF
Earnings
Guidance Update
  • Laird Superfood, Inc. reported Net Sales of $12.9 million for the third quarter of 2025, marking a 10% increase compared to the prior year period.
  • For Q3 2025, the company achieved a Gross Margin of 36.5% and a positive Adjusted EBITDA of $0.2 million, or $0.01 per diluted share.
  • Year-to-date Net Sales for 2025 reached $36.5 million, an increase of 15% over the corresponding prior year period, with cash, cash equivalents, and restricted cash totaling $5.3 million as of September 30, 2025.
  • Management projects full-year 2025 Net Sales growth of approximately 15% and expects to achieve breakeven Adjusted EBITDA for the full year.
Nov 10, 2025, 9:43 PM
Laird Superfood Reports Third Quarter 2025 Financial Results
LSF
Earnings
Guidance Update
Demand Weakening
  • Laird Superfood reported Net Sales of $12.9 million for the third quarter ended September 30, 2025, marking a 10% increase compared to the corresponding prior year period.
  • The company's Gross Margin was 36.5% in Q3 2025, compared to 43.0% in the prior year period.
  • Laird Superfood posted a Net Loss of $1.0 million, or $0.09 per diluted share, and Adjusted EBITDA of $0.2 million, or $0.01 per diluted share, for the third quarter of 2025.
  • For the full year 2025, management expects Net Sales growth of approximately 15%, a Gross Margin in the upper 30% range, and anticipates achieving breakeven Adjusted EBITDA.
Nov 10, 2025, 9:05 PM