AcquisitionsJul 7, 2026, 06:07 AM
Laird Superfood Amends 8-K: Terrasoul Acquisition Financials
AI Summary
Laird Superfood, Inc. filed an amendment to its Form 8-K, providing historical financial information for Terrasoul Superfood, LLC, following its acquisition on April 21, 2026. The acquisition was for $48.0 million in cash plus up to $5.0 million in contingent consideration, funded by a concurrent $60.0 million private placement of Series A Preferred Stock. The filing also includes unaudited pro forma condensed combined financial information, reflecting both the Terrasoul acquisition and the earlier Navitas acquisition and their respective financings.
Key Highlights
- Laird Superfood completed Terrasoul Acquisition on April 21, 2026, for $48.0 million cash.
- Terrasoul Acquisition included up to $5.0 million in contingent consideration.
- Concurrent Terrasoul Financing raised $60.0 million via 60,000 Series A Preferred Stock shares.
- Navitas Acquisition completed on March 12, 2026, for $38.5 million cash.
- Terrasoul's 2025 net sales were $65.8 million, up from $52.1 million in 2024.
- Terrasoul's 2025 net income was $3.70 million, up from $3.68 million in 2024.
- Pro forma combined assets as of Dec 31, 2025, were $148.8 million.
- Pro forma combined net sales for 2025 were $155.8 million.
Price Impact
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