Laird Superfood (LSF) Proxy Filing summary

Executive summary

• Entered into an amended investment agreement with affiliates of Nexus Capital Management for the purchase of Series A Preferred Stock, with an initial $50 million investment and an option for up to $60 million in additional shares for strategic transactions.

• The amendment aligns the conversion price for additional shares with NYSE American's Minimum Price rules at the time of purchase notice.

• Forward-looking statements address the anticipated closing of the Nexus Investment and proposed acquisitions, expected synergies, integration plans, and continued NYSE American listing.

Voting matters and shareholder proposals

• A special meeting will be called for shareholders to approve the issuance of Series A Preferred Stock in connection with the investment and related transactions.

• Proxy materials will be filed with the SEC and distributed to shareholders for voting.

Board of directors and corporate governance

• Four Nexus representatives will be appointed to the board, with Grant LaMontagne as a fifth Nexus designee, and the board size fixed at nine.

• Two directors, Geoffrey Barker and Patrick Gaston, resigned effective upon closing, with no disagreements cited.