Laird Superfood shares surge 14.85% after-hours after acquiring Navitas for $38.5M to expand health product line.

Laird Superfood surged 14.85% in after-hours trading following the announcement of its $38.5 million acquisition of Navitas, a move to expand its health and wellness product portfolio. The deal, expected to close in Q1 2026, adds organic acai powder, hemp seed crisps, and cacao bites to Laird’s offerings, enhancing its market position in plant-based functional nutrition. The transaction is funded by issuing $50 million in Series A convertible preferred stock to Nexus Capital Management, signaling strong investor confidence in the company’s growth strategy. The significant after-hours rally reflects positive market sentiment toward the strategic acquisition and expanded product diversification.