ClosedPublished 3 Mar 2026

Lindblad Expeditions Holdings, Inc. /
Natural Habitat, Inc.

Lindblad lifts stake in Natural Habitat to 95%

Buy side: Lindblad Expeditions Holdings, Inc.
Buy sideLindblad Expeditions Holdings, Inc.
Target: Natural Habitat, Inc.
TargetNatural Habitat, Inc.
Lindblad Expeditions Holdings, Inc. · 3 Mar 2026Source
Buy side: Lindblad Expeditions Holdings, Inc.
Buy sideLindblad Expeditions Holdings, Inc.
Target: Natural Habitat, Inc.
TargetNatural Habitat, Inc.
01 / BuyerLindblad Expeditions Holdings, Inc.
02 / TargetNatural Habitat, Inc.
Source for the buyer and target: Lindblad Expeditions Holdings, Inc.

For the buyer and target.

“On March 3, 2026, Lindblad Expeditions Holdings, Inc. (the “Company”) acquired an additional 5% interest in its subsidiary, Natural Habitat, Inc. (“Natural Habitat”), from Ben Bressler, Founder and Chief Executive Officer of Natural Habitat, bringing the Company’s total ownership of Natural Habitat to 95%.”

Published 3 Mar 2026

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01

What happened

Lindblad Expeditions Holdings, Inc. bought an extra 5% interest in its subsidiary Natural Habitat, Inc. on March 3, 2026, from the company's founder and chief executive. The purchase was triggered by a put right under an existing stockholders' agreement. The price for the stake was $16,586,787, and the founder keeps a 5% noncontrolling interest. [01]

02

The source

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01
Source · Lindblad Expeditions Holdings, Inc.

Lindblad lifts stake in Natural Habitat to 95%

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03

Timeline

Every date the source states, in order, each with the words it comes from. Anything marked ahead is a target the source gives, not something that has happened.

  1. Closed

    “Lindblad lifts stake in Natural Habitat to 95% Lindblad Expeditions Holdings, Inc. bought an extra 5% interest in its subsidiary Natural Habitat, Inc. on March 3, 2026, from the company's founder and chief executive”

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  2. Published by Lindblad Expeditions Holdings, Inc.

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