{"filings":[{"id":1138078,"accession_number":"0001628280-26-044247","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2026-06-18T20:00:10+00:00","items":["5.02"],"status":"ready","headline":"Local Bounti Executive Chairman Craig Hurlbert and director Matthew Nordby resign; Travis Joyner named Chairman","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Craig Hurlbert resigns as Executive Chairman and Board member effective June 18, 2026; remains an employee.","Matthew Nordby resigns as Board member effective June 18, 2026; no disagreement cited.","Board reduced from eight to six members upon resignations.","Travis Joyner appointed Chairman; Mark Nelson named Lead Independent Director.","Audit, Compensation, and Nominating committees reconstituted with Nelson, Brewster, Molnar."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1027038,"accession_number":"0001628280-26-042819","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2026-06-12T20:00:09+00:00","items":["5.07"],"status":"ready","headline":"Local Bounti shareholders approve director elections, auditor ratification, and share issuance proposals","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Elected Mark J. Nelson and Charles R. Schwab, Jr. as Class II directors with ~99.4% and ~99.9% of votes cast (excluding broker non-votes).","Ratified WithumSmith+Brown, PC as independent auditor for FY2026 with ~98.5% of votes cast in favor.","Approved issuance of up to 7,882,861 shares upon conversion of convertible note to U.S. Bounti and up to 5,500,000 shares underlying purchase warrant.","All proposals passed with quorum of 87.35% of outstanding shares represented.","Adjournment proposal approved with ~98.7% of votes cast in favor."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":471356,"accession_number":"0001628280-26-035596","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2026-05-15T20:21:32+00:00","items":["5.02","9.01"],"status":"ready","headline":"Local Bounti CCO Dane Almassy terminated; severance of $175K in exchange for release","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Chief Commercial Officer Dane Almassy's employment ended May 14, 2026.","Entitled to $175,000 gross (6 months salary) plus COBRA for 6 months if he signs release.","Separation agreement includes non-disparagement and confidentiality obligations.","Almassy has 21 days to accept; severance per employment agreement dated July 15, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":50241,"accession_number":"0001628280-26-034375","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2026-05-13T11:43:53+00:00","items":["2.02","9.01"],"status":"ready","headline":"Local Bounti Q1 2026 revenue $13.3M (+15% YoY), net loss improves to $12.7M from $37.7M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $13.3M vs $11.6M prior year; gross profit stable at $1.5M; adjusted gross margin 29%.","Net loss $12.7M vs $37.7M; adjusted EBITDA loss improved 35% to $5.7M.","Received $15M investment from existing strategic investor in March 2026; ended quarter with $18.8M cash.","Secured two new retail accounts including national rollout across 250+ stores; services ~13,000 doors.","Issued U.S. patent for AI-driven growing optimization (Feb 2026); tower upgrades delivered ~10% yield increase."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":109713,"accession_number":"0001628280-26-020903","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2026-03-25T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Local Bounti Reports 27% Revenue Growth in 2025, Improves Net Loss and Adjusted EBITDA","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Full-year 2025 revenue rose 27% to $48.4M; Q4 revenue up 24% to $12.5M vs prior year.","Net loss decreased 21% to $94.4M in 2025; Adjusted EBITDA loss improved 12% to $28.3M.","Existing strategic investor closed $15M growth capital in March 2026; total 2025 capital structure transformed via $25M equity and debt restructuring.","Secured new retail accounts in Q1 2026 including a 250+ store premier retailer; now servicing ~13,000 retail doors.","Issued U.S. Patent No. 12,557,741 for AI-driven computer vision growing optimization in February 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":109712,"accession_number":"0001628280-26-017930","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2026-03-16T23:59:59+00:00","items":["1.01","2.03","3.02","9.01"],"status":"ready","headline":"Local Bounti raises $15M via convertible note and warrant; amends credit agreement","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$15M convertible note with 7% PIK interest; conversion price $2.50 per share.","Warrant for 5.5M shares at $0.125/share, 10-year term.","Must seek stockholder approval by June 30, 2026 for issuance above NYSE 1% cap.","Liquidity covenant set at $3.5M through Sep30, 2026, then $2.0M; EBITDA covenant deferred to Mar31, 2027.","Proceeds for working capital and general corporate purposes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":109711,"accession_number":"0001628280-26-007269","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2026-02-11T23:59:59+00:00","items":["3.01","7.01","9.01"],"status":"ready","headline":"Local Bounti receives NYSE delisting notice for failing minimum market cap standard","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Average global market cap below $50M over 30 consecutive trading days; stockholders' equity also under $50M.","Company has 45 days to submit a plan to regain compliance within a 9-month cure period.","NYSE will review the plan; stock continues trading during cure period but no assurance of compliance.","Company is considering all options but can provide no guarantee of maintaining NYSE listing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":126225,"accession_number":"0001628280-25-056059","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2025-12-09T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Local Bounti appoints Anthony Hughes as Interim CFO; CEO Valiasek adds board seat","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Anthony Hughes, SVP Finance and CAO, named Interim CFO effective Dec 9, 2025.","Kathleen Valiasek steps down as CFO, remains CEO and President; appointed Class III director.","Hughes receives no compensation change for interim CFO role.","Board expanded by one seat with Valiasek's director appointment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":126224,"accession_number":"0001628280-25-051320","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2025-11-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Local Bounti Q3 revenue $12.2M (+19% YoY); adjusted EBITDA loss narrows to $7.2M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $12.2M, up 19% YoY; net loss $26.4M improved from $34.3M.","Adjusted EBITDA loss improved to $7.2M from $8.4M; targeting positive adj. EBITDA early 2026.","Reduced year-to-date annualized expenses by ~$8M; additional $1.5-2M reduction expected in Q4 2025.","Cash, cash equivalents, and restricted cash $12.7M as of Sept 30; closed $10M convertible note in Aug 2025.","Texas facility reconfiguration complete; automated harvesting operational; labor productivity up ~19%."],"consensus_eps_estimate":null,"consensus_eps_actual":-5.78,"consensus_revenue_estimate":null,"consensus_revenue_actual":35908000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":126223,"accession_number":"0001628280-25-045340","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2025-10-17T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Local Bounti shareholders approve issuance of up to 5.68M shares to U.S. Bounti","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Approved issuance of up to 5,131,871 shares upon conversion of convertible note to U.S. Bounti.","Approved issuance of up to 550,000 shares underlying a common stock purchase warrant to U.S. Bounti.","Both proposals passed with over 99% of votes cast in favor; quorum of 74.2% was present."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.15,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":142976,"accession_number":"0001840780-25-000034","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2025-08-13T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Local Bounti Q2 revenue up 28% to $12.1M; adjusted EBITDA loss narrows to $6.5M; sees positive EBITDA in early 2026","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $12.1M (+28% YoY); net loss $21.6M vs $25.3M prior year; adjusted EBITDA loss $6.5M, improved from $8.3M.","Achieved $7M in annualized expense reductions in H1 2025; targeting additional $2.5-3M in H2 2025.","Closed $10M convertible note and reduced credit facility principal by $10M after quarter end.","Texas facility reconfiguration completed; tower upgrades and seed cost reduction program ongoing.","Expects modest sequential sales growth in Q3, acceleration in Q4; positive adjusted EBITDA expected early 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":-5.4,"consensus_revenue_estimate":null,"consensus_revenue_actual":23708000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":142975,"accession_number":"0001840780-25-000031","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2025-08-04T23:59:59+00:00","items":["1.01","2.03","3.02","7.01","9.01"],"status":"ready","headline":"Local Bounti secures $10M convertible note, reduces credit facility debt by $10M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Issued $10M convertible note to existing investor U.S. Bounti LLC, 6% annual interest payable in kind, 5-year maturity.","Issued warrant to purchase 550,000 shares at $0.125 per share; conversion price on note is $2.50 per share.","Twelfth Amendment to Senior Credit Agreement cancels $10M of loans; remaining principal $302M.","Proceeds used for working capital, general corporate purposes, and capital expenditures.","Company will seek stockholder approval within three months due to NYSE rules on share issuance cap."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":161053,"accession_number":"0001840780-25-000026","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2025-06-16T23:59:59+00:00","items":["5.02","5.07","8.01","9.01"],"status":"ready","headline":"Local Bounti converts all Series A preferred stock to common; equity plan shares increased by 2.47M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All 10,728,414 shares of Series A Non-Voting Convertible Preferred Stock automatically converted into common stock on June 11, 2025.","Post-conversion, common shares outstanding total 21,709,496; no preferred shares remain.","Stockholders approved amendment to 2021 Equity Incentive Plan, increasing share pool by 2,473,042 to a total of 3,912,422 shares.","Three Class I directors elected: Pamela Brewster, Michael Molnar, Matthew Nordby.","WithumSmith+Brown, PC ratified as independent auditor for fiscal year 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":161052,"accession_number":"0001840780-25-000013","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2025-05-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Local Bounti Q1 revenue up 38% to $11.6M; targets positive adj. EBITDA by Q3 2025","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Sales $11.6M (+38% YoY); net loss $37.7M vs $24.1M; adj. EBITDA loss $8.8M.","Secured $25M equity; restructured $312M debt with 10-year term, no cash interest/principal until April 2027.","Guides Q2 sales $12.0-12.5M; reaffirms path to positive adj. EBITDA in Q3 2025.","Expanded retail: Walmart (13 DCs for butter lettuce), Brookshire's (80 stores), HEB, new salad kits.","Texas facility reconfiguration near completion; expects yield improvements in second half."],"consensus_eps_estimate":-1.7136,"consensus_eps_actual":-4.32,"consensus_revenue_estimate":null,"consensus_revenue_actual":11605000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl+finnhub","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":179252,"accession_number":"0001840780-25-000006","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2025-03-31T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Local Bounti FY2024 sales up 38% to $38.1M; secures $27.5M funding, restructures debt; names new CEO","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Full year 2024 sales $38.1M (+38% YoY); gross profit $4.1M; net loss $119.9M; adjusted EBITDA loss $32.1M.","Secured $27.5M new funding ($25M equity, $2.5M capex); restructured $312M debt with ~$197M extinguished.","New debt terms: SOFR+200bps, no cash interest/principal until April 2027, maturity extended to 2035.","Kathleen Valiasek promoted to CEO (was President/CFO); Craig Hurlbert becomes Executive Chairman; two new Board directors appointed.","Q1 2025 sales expected ~$11.5M; company targets positive adjusted EBITDA by Q3 2025; expanded Walmart distribution to 191 stores and 13 DCs."],"consensus_eps_estimate":-1.7136,"consensus_eps_actual":-4.32,"consensus_revenue_estimate":null,"consensus_revenue_actual":11605000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl+finnhub","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":179251,"accession_number":"0001193125-25-068740","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2025-03-31T23:59:59+00:00","items":["1.01","5.02","1.02","3.02","5.03","9.01"],"status":"ready","headline":"Local Bounti restructures $197M debt, raises $25M PIPE, appoints new CEO","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Cancelled $139M senior and $58M subordinated debt; remaining senior debt $312M at SOFR+2%, maturity Dec 31, 2035.","Raised $25M via PIPE: ~1.8M shares common + 10.7M Series A Preferred at $2.00/share; 180-day lock-up.","CEO Craig Hurlbert becomes Executive Chairman; CFO Kathleen Valiasek appointed CEO as of March 31, 2025.","Board expanded: Michael Molnar and Charles R. Schwab Jr. appointed; Jennifer Carr-Smith and Edward Forst resigned.","Amended Cargill warrants: exercise price $4.00, expires 8 years from closing; RSU grants of 1.4M (Valiasek) and 700k (Hurlbert)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":195923,"accession_number":"0001840780-24-000026","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2024-11-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Local Bounti Q3 sales up 50% to $10.2M; net loss $34.3M; targets positive EBITDA by Q2 2025","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Sales $10.2M (+50% YoY); adjusted gross margin ~32%, up 300bps sequentially.","Net loss $34.3M vs $24.3M prior year; adjusted EBITDA loss improved to $8.4M from $9.0M.","Q4 2024 revenue guidance ~$11M (67% YoY growth); positive adjusted EBITDA target pushed to Q2 2025.","Cash $6.8M at quarter end; received additional $6M from lender post-quarter for working capital.","Reconfigured growing mix due to demand for specialty products (Arugula, Spinach); shipped from only half of Texas facility."],"consensus_eps_estimate":null,"consensus_eps_actual":-9.91,"consensus_revenue_estimate":null,"consensus_revenue_actual":28068000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":212197,"accession_number":"0001840780-24-000022","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2024-08-13T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Local Bounti Q2 revenue +31% to $9.4M; net loss $25.3M; reiterates FY guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $9.4M (+31% YoY); operating loss improved to $13.9M from $19.4M.","Net loss $25.3M vs $10.7M (prior-year included $15.2M non-cash warrant benefit); adj. EBITDA loss $7.5M.","Reiterates FY2024 sales guidance $50-60M; targets positive adjusted EBITDA early 2025.","Negotiating up to $175M additional financing (total ~$400M) for expansion and working capital; closing expected Q3 2024.","Began shipping to Sam's Club (6 DCs) and Brookshire's from new Texas facility; Salad Kits expanding to ~700 doors."],"consensus_eps_estimate":null,"consensus_eps_actual":-5.89,"consensus_revenue_estimate":null,"consensus_revenue_actual":17826000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":231107,"accession_number":"0001193125-24-169060","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2024-06-26T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Local Bounti CFO Kathleen Valiasek promoted to President and CFO; CEO salary reduced to $43,888","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Kathleen Valiasek appointed President effective June 24, 2024; retains CFO role; reports to CEO Craig Hurlbert.","CEO Craig Hurlbert no longer President but remains CEO and Chairman; base salary reduced from $300K to $43,888.","Valiasek's base salary increased to $500,000; granted 100,000 RSUs vesting over three years.","Company reiterates near-term goal of achieving positive adjusted EBITDA in early 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":231106,"accession_number":"0001193125-24-161641","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2024-06-14T23:59:59+00:00","items":["5.02","5.07","5.03","9.01"],"status":"ready","headline":"Local Bounti shareholders approve 510K share increase to equity plan, officer exculpation charter amendment","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Shareholders approved Plan Amendment increasing equity plan shares by 510,000 to total 1,439,380 shares.","Charter Amendment adopted limiting officer liability in specific circumstances per Delaware law.","Elected Class III directors: Craig Hurlbert, Travis Joyner, Jennifer Carr-Smith with >92% votes for each.","Board adopted Amended and Restated Bylaws updating advance notice, universal proxy, and Delaware law conformity.","Ratified WithumSmith+Brown as independent auditor for FY2024 with 98.9% votes for."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":231105,"accession_number":"0001840780-24-000014","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2024-05-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Local Bounti Q1 sales $8.4M (+25% YoY); FY2024 guidance $50-60M; targets $228M financing","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Sales $8.4M, up 25% YoY; net loss $24.1M; adj EBITDA loss $6.9M (improved from $9.4M in Q4'23).","FY2024 sales guidance $50-60M, doubling 2023; first shipments from TX and WA facilities in Q2.","Expects to close $228M in financing commitments in Q2 for expansions and new Midwest facility.","New retail wins: Albertsons Seattle, Brookshire's; expanding Grab-and-Go Salad Kits."],"consensus_eps_estimate":null,"consensus_eps_actual":-2.89,"consensus_revenue_estimate":null,"consensus_revenue_actual":8383000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":231104,"accession_number":"0001193125-24-088526","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2024-04-05T23:59:59+00:00","items":["3.01","7.01","9.01"],"status":"ready","headline":"Local Bounti receives NYSE delisting notice for low market cap and equity","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["NYSE notice: average global market cap <$50M and stockholders' equity <$50M over 30 trading days.","Company has 45 days to submit a cure plan; if accepted, 18-month cure period.","Common stock continues trading on NYSE during cure period; no assurance of regaining compliance.","Local Bounti considering all available options to meet listing standards."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":249487,"accession_number":"0001840780-24-000004","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2024-03-27T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Local Bounti FY 2023 sales +42% to $27.6M; net loss $124M; prelim Q1 2024 rev ~$8.4M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Sales grew 42% YoY to $27.6M; adjusted gross margin ~27%; net loss of $124.0M includes $38.5M goodwill impairment.","Preliminary Q1 2024 revenue ~$8.4M, up 22% sequentially from Q4 2023, driven by Georgia facility throughput gains.","Expects to close ~$228M financing in Q2 2024 to fund expansions, repay construction debt, and greenfield Midwest facility.","Georgia facility packed volume 3x vs. a year ago; Texas and Washington facilities commenced operations, shipping expected Q2 2024.","Company targeting positive adjusted EBITDA in early 2025, lowered annualized overhead by ~$5M from restructuring."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":249486,"accession_number":"0001840780-24-000002","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2024-01-26T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Local Bounti amends credit to allow Q1 2024 PIK interest, cuts warrant price to $6.50","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Eighth Amendment permits payment-in-kind of quarterly interest for quarter ending March 31, 2024.","Warrant exercise price reduced from $13.00 to $6.50 per share; still covers 5,353,846 shares.","PIK interest added to principal balance; no cash interest payment due for Q1 2024.","Amendments with Cargill Financial underscore ongoing cash-preservation measures."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":266944,"accession_number":"0001193125-23-296655","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2023-12-15T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Local Bounti appoints co-founder Craig Hurlbert as CEO; FY2023 sales guided to ~$28M","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Co-founder Craig Hurlbert appointed CEO effective Dec 14, 2023; annual salary $35,568.","Anna Fabrega's employment terminated; offered separation with severance and release (45 days to accept).","Company expects ~$3.2M annualized cost savings from restructuring and organizational optimization.","Georgia facility doubled run-rate production in December; FY2023 sales expected ~$28M (+44% YoY).","Washington facility seeding expected early Jan; Texas facility delayed to late Jan due to equipment delays."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":266943,"accession_number":"0001840780-23-000043","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2023-10-30T23:59:59+00:00","items":["2.02","7.01","8.01","9.01"],"status":"ready","headline":"Local Bounti Q3 sales rise 8% to $6.8M; net loss $24.3M; NYSE listing risk flagged","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss of $24.3M vs $27.1M a year ago; adjusted EBITDA loss widened to $9.0M from $7.3M.","Sales of $6.8M, up from $6.3M; revised FY2023 guidance to $30-34M from prior range.","Georgia facility Stack integration completed; Texas and Washington facilities on track for late Q4 2023 and early Q1 2024.","Ended Q3 with $18.3M cash; secured $10M additional working capital from Cargill (closing Nov); USDA lender commitment up to $228M.","NYSE warned of potential delisting if avg share price stays below $1 for 30 days or market cap below $15M; warrants already halted."],"consensus_eps_estimate":null,"consensus_eps_actual":-7.41,"consensus_revenue_estimate":null,"consensus_revenue_actual":20691000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":266942,"accession_number":"0001840780-23-000039","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2023-10-20T23:59:59+00:00","items":["3.01"],"status":"ready","headline":"NYSE delists Local Bounti warrants (LOCL WS) due to abnormally low price","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["NYSE halted trading in warrants on Oct 17, 2023 due to low price.","NYSE notified company on Oct 18 of delisting determination under Section 802.01D.","Company evaluating whether to appeal the NYSE's delisting determination.","Common stock (LOCL) continues trading on NYSE unaffected.","Warrants originally issued when company was SPAC Leo Holdings III Corp."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":266941,"accession_number":"0001840780-23-000036","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2023-10-06T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Local Bounti amends credit agreements to allow PIK interest for Q3 and Q4 2023","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Seventh Amendment with Cargill Financial allows PIK interest for quarters ending Sep 30, 2023 and Dec 31, 2023.","PIK interest is added to principal balance and will bear interest itself.","Combined PIK interest for Senior and Subordinated loans for Q2 2023 capped at $7M.","Company reaffirms no Default or Event of Default exists; representations remain true.","Guarantors reaffirm obligations under guarantees and security agreements."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":284216,"accession_number":"0001840780-23-000029","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2023-08-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Local Bounti Q2 sales $7.2M, net loss $10.7M; reaffirms FY2023 guidance $34-$40M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Sales $7.2M vs $6.3M YoY; gross profit $0.9M; adjusted gross margin ~28% excl. depreciation and non-recurring items.","Net loss $10.7M vs $31.7M YoY; adjusted EBITDA loss $8.3M vs $7.9M prior year.","Cash & restricted cash $40.4M; $66.6M available under Cargill credit facility; completed sale-leaseback netting ~$35M.","Georgia Phase 1-C ~90% enclosed; Texas facility to begin Stack installation in Q3; Washington steel complete, glass installation progressing.","Company expects to reach breakeven adjusted EBITDA by end of 2024 or early 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":-4.37,"consensus_revenue_estimate":null,"consensus_revenue_actual":13881000.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":303854,"accession_number":"0001193125-23-175102","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2023-06-26T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Local Bounti President Brian Cook to depart on July 7, 2023","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Brian Cook separates as President, effective July 7, 2023.","Departure not result of any disagreement with Company on operations or accounting policies.","Cook to receive severance per employment agreement for termination without cause, subject to release and covenants."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":303853,"accession_number":"0001193125-23-173822","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2023-06-23T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Local Bounti stockholders elect directors, ratify auditor at 2023 annual meeting","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Edward C. Forst elected as Class II director: 44.3M for, 8.2M withheld, 20.4M broker non-votes.","Mark J. Nelson elected as Class II director: 43.4M for, 9.1M withheld, 20.4M broker non-votes.","Ratification of WithumSmith+Brown as auditor: 71.3M for, 1.6M against, 64.4K abstain.","Quorum achieved with 69.16% of 105.4M outstanding shares represented."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":303852,"accession_number":"0001193125-23-167423","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2023-06-15T23:59:59+00:00","items":["3.03","5.03","8.01","9.01"],"status":"ready","headline":"Local Bounti effects 1-for-13 reverse stock split of common stock effective June 15, 2023","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Reverse split ratio 1-for-13; every 13 shares become 1 share; trading symbol LOCL unchanged.","Effective 12:01 a.m. ET June 15, 2023; new CUSIP 53960E 205.","No fractional shares; cash payment in lieu at closing price on June 14, 2023.","Warrants (LOCL WS) adjusted: 13 warrants exercisable for 1 share at $149.50/share.","Authorized shares and par value unchanged; equity awards proportionately adjusted."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":303851,"accession_number":"0001193125-23-160812","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2023-06-05T23:59:59+00:00","items":["3.03"],"status":"ready","headline":"Local Bounti Board approves 1-for-13 reverse stock split effective June 15, 2023","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board approved 1-for-13 reverse stock split effective June 15, 2023; stockholders had approved on April 26, 2023.","No fractional shares; cash payment based on closing price on June 14, 2023.","Warrants adjusted: every 13 warrants become exercisable for one share at $149.50.","Common stock CUSIP changes to 53960E 205; trading symbol LOCL unchanged."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":303850,"accession_number":"0001193125-23-155453","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2023-05-26T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Local Bounti appoints Anna Fabrega CEO effective June 5, 2023; co-founders shift to Strategy and CTO roles","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Anna Fabrega, former Freshly CEO and Amazon Go managing director, named CEO of Local Bounti.","Co-CEOs Craig Hurlbert becomes Senior VP of Strategy; Travis Joyner becomes CTO and Chairman of the Board.","Fabrega receives $500K base salary, RSUs for 2,750,000 shares vesting over four years, and a $350K bonus.","Hurlbert's base salary set at $125K; Joyner's base salary at $375K under amended employment agreements.","Fabrega brings 20+ years of consumer goods, food production, and scaling experience; company targets $75B TAM by 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":303849,"accession_number":"0001840780-23-000019","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2023-05-10T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Local Bounti Q1 sales $6.7M; reaffirms FY2023 guidance $34-40M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Sales grew to $6.7M from $0.3M; net loss $23.5M vs $25.8M prior year.","Adjusted EBITDA loss $7.4M; reaffirms FY2023 sales guidance $34-40M.","Cash $7.5M; $116.5M undrawn Cargill credit; completed $35M sale-leaseback in April 2023.","Georgia Stack integration on track for Q4 2023; Texas facility to commence Q4 2023; Washington Q1 2024.","Entered term sheets for up to $90M USDA debt; expects first $35M closing in Q2 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.23,"consensus_revenue_estimate":null,"consensus_revenue_actual":6698000.0,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":303848,"accession_number":"0001193125-23-134439","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2023-05-03T23:59:59+00:00","items":["1.01","2.03","7.01","9.01"],"status":"ready","headline":"Local Bounti completes $35M sale-leaseback of two CA facilities for non-dilutive cash","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Sold Carpinteria and Oxnard facilities for $35M to STORE Master Funding XXXI; 25-year lease with four 5-year renewal options.","Base annual rent $3.24M in year one, increasing 3% annually.","Combined with up to $110M Cargill credit amendment, total up to $145M to support growth plans.","Also entered term sheets for up to $90M USDA debt; initial $35M tranche expected Q2 2023.","CFO says over $58M of capital is now available to fund operations."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":303847,"accession_number":"0001193125-23-127513","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2023-04-28T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Shareholders approve reverse stock split authorization for Local Bounti at ratio up to 1:25","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Approved amendment to Certificate of Incorporation authorizing reverse stock split at ratio of 1-for-2 to 1-for-25.","Board may effect reverse split at any time prior to June 30, 2024 without further stockholder approval.","Proposal passed with 67.8M votes for, 180K against, 16K abstaining; quorum of 65% of shares.","Proposal 2 (related) not presented as Proposal 1 received sufficient votes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":323544,"accession_number":"0001840780-23-000008","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2023-03-29T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Local Bounti reports FY2022 net loss of $111M; secures $145M financing; guides FY2023 sales $34-40M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Full-year 2022 sales of $19.5M (up from $0.6M); net loss of $111.1M vs $56.1M prior year.","Adjusted EBITDA loss of $29.8M vs $17.8M prior year; adjusted gross margin ~38%.","Secured up to $145M in new financing: Cargill credit facility expanded to $280M ($110M increase) and $35M sale-leaseback of two California facilities.","Issued Cargill 5-year warrants for 69.6M shares at $1.00/share, a >100% premium to stock price at announcement.","FY 2023 sales guidance of $34-40M, excluding future capacity from Georgia Stack implementation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":323543,"accession_number":"0001193125-23-075835","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2023-03-21T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Local Bounti appoints Jennifer Carr-Smith to Board, effective May 15, 2023","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Board expands from 6 to 7 directors; Carr-Smith designated as Class III independent director.","Carr-Smith will serve on the Compensation Committee; appointment date May 15, 2023.","She is Chair of Blue Apron Holdings (APRN) and Non-Executive Director of Woolworths Group (ASX: WOW).","Previous roles include CEO of Peapod Online Grocer, COO of J. Crew Direct, Gilt.com, and SVP at Groupon.","Holds B.A. from Brown and MBA from Harvard; no material transactions with Local Bounti."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":323542,"accession_number":"0001193125-23-074037","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2023-03-17T23:59:59+00:00","items":["1.01","2.02","2.03","9.01"],"status":"ready","headline":"Local Bounti amends Cargill credit facility; reports FY2022 sales $19.5M, net loss $111.1M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Fifth Amendment reduces required cash in debt service reserve by ~$11M until April 2, 2024; allows PIK interest and Q1 2023 unused fee.","Minimum liquidity covenant reduced from $11M to $1M.","Preliminary FY2022 sales $19.5M, adjusted gross margin 38%, net loss $111.1M, adjusted EBITDA loss $29.8M.","Company expects to file 10-K on or about March 29, 2023; earnings call March 29 at 8am ET.","Aggregate outstanding loans and undrawn commitments remain $170M (plus PIK interest)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":323541,"accession_number":"0001840780-23-000005","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2023-03-03T23:59:59+00:00","items":["3.01","7.01","9.01"],"status":"ready","headline":"Local Bounti receives NYSE delisting notice for sub-$1.00 stock price","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["NYSE notified Local Bounti on Feb 28, 2023 that average closing price was below $1.00 over 30 consecutive trading days.","Company has six months from notice to regain compliance; no immediate delisting effect.","Local Bounti may pursue a reverse stock split, subject to stockholder approval, to cure deficiency.","Common stock (LOCL) and warrants (LOCL WS) continue trading on NYSE during cure period."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":323540,"accession_number":"0001193125-23-003676","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2023-01-06T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Local Bounti amends Cargill credit agreements: reduces reserve, liquidity covenants, allows PIK interest","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Debt service reserve reduced by ~$10M; minimum liquidity cut from $20M to $11M (or $10M with offtake).","Q4 2022 interest payment can be paid in kind (PIK), added to principal balance, preserving cash.","New CapEx covenant: aggregate new-project expenditures capped at $1M/year; existing projects capped at 105% budget.","Total credit facility remains $170M in outstanding loans and undrawn commitments."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":341557,"accession_number":"0001840780-22-000041","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2022-12-16T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Local Bounti COO Mark McKinney departs effective December 12, 2022","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Mark McKinney separated as COO effective immediately on December 12, 2022.","McKinney was a named executive officer in the most recent proxy statement.","He will receive severance and benefits under his employment agreement for termination without cause.","Separation was not due to any disagreement with the Company on operations, policies, or accounting.","No replacement named; CFO Kathleen Valiasek signed the filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":341556,"accession_number":"0001840780-22-000016","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2022-11-10T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Local Bounti Q3 revenue $6.3M (vs $0.2M prior), net loss $27.1M; reaffirms FY22 guidance at least $20M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 2022 revenue $6.3M, up from $0.2M a year ago; net loss $27.1M vs $10.8M prior.","Adjusted EBITDA loss $7.3M vs $5.5M prior; adjusted gross margin ~38%.","Five-year offtake agreement with Sam's Club; initial shipments expected November 2022.","Closed $23.3M PIPE in Oct 2022 from Fidelity and BNP Paribas; total liquidity >$80M.","Georgia facility shipping product; Texas site selected; Pasco, WA facility on track."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.98,"consensus_revenue_estimate":null,"consensus_revenue_actual":12836000.0,"consensus_period":"2022-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":341555,"accession_number":"0001193125-22-275825","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2022-11-02T23:59:59+00:00","items":["3.02","9.01"],"status":"ready","headline":"Local Bounti closes $23.3M private placement; sells 9.32M shares at $2.50","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Second closing on Nov 2 generated $8M from 3.2M shares; total placement $23.3M from 9.32M shares.","Initial closing on Oct 21 sold 6.12M shares for $15.3M; proceeds for general corporate purposes.","Affiliates of board members and officers purchased 280,000 shares in the placement.","Shares issued at $2.50 each, the Oct 20 closing price; resale registration effective Nov 1."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":341554,"accession_number":"0001193125-22-267191","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2022-10-24T23:59:59+00:00","items":["1.01","3.02","3.03","8.01","9.01"],"status":"ready","headline":"Local Bounti raises $23.3M in PIPE financing at $2.50/share from Fidelity, BNP Paribas, others","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Gross proceeds $23.3M from 9.32M shares at $2.50/share; initial closing of $15.3M for 6.12M shares.","Key investors include Fidelity Management & Research Company, BNP Paribas, and insiders (280k shares).","Remaining 3.2M shares to close in early Nov 2022 subject to registration statement effectiveness.","Proceeds for general corporate purposes and to expand CEA footprint using Stack & Flow Technology."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":358501,"accession_number":"0001628280-22-022773","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2022-08-15T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Local Bounti Q2 revenue $6.3M, net loss $31.7M; reaffirms FY2022 guidance of at least $20M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue of $6.3M vs $0.1M prior year; gross profit negative $12K; adjusted gross margin ~38%.","Net loss $31.7M; adjusted EBITDA loss $7.9M (excl. $11.7M stock-based comp, $5.5M interest).","Georgia Phase 1-A commenced commercial ops July 2022; Phase 1-B construction started, completion expected Q2 2023.","Texas selected as next facility site; Pasco, WA construction to recommence September 2022.","FY2022 sales guidance reaffirmed at at least $20M (includes partial Pete's acquisition contribution)."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.68,"consensus_revenue_estimate":null,"consensus_revenue_actual":6551000.0,"consensus_period":"2022-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":377265,"accession_number":"0001193125-22-180213","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2022-06-23T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Local Bounti holds 2022 annual meeting; elects two Class I directors and ratifies auditor","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Stockholders elected Pamela Brewster and Matthew Nordby as Class I directors; For votes 63.2M and 62.6M respectively.","Ratification of WithumSmith+Brown as independent auditor for 2022 approved with 65.9M For votes.","94.1M shares of common stock were entitled to vote at the annual meeting.","No other material proposals were voted on at the meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":377264,"accession_number":"0001193125-22-153651","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2022-05-18T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Local Bounti updates investor presentation for BMO Farm to Market Conference","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Filed under Regulation FD; investor presentation dated May 18, 2022 furnished as Exhibit 99.1.","Presentation used in conversations with investors and analysts; no new financial or operational data disclosed.","No earnings, guidance, or material events announced in the filing or exhibit text provided."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":377263,"accession_number":"0001193125-22-145098","cik":1840780,"company_name":"Local Bounti Corporation/DE","ticker":"LOCL","form_type":"8-K","filed_at":"2022-05-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Local Bounti Q1 sales $282K, net loss $25.8M; reaffirms FY2022 guidance of at least $20M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Sales of $282K vs $57K prior year; gross margin 17% (39% adjusted gross margin excluding depreciation).","Net loss $25.8M, including $3.9M acquisition costs and $11.0M stock-based compensation; adjusted EBITDA loss $8.5M.","Closed Pete's acquisition on April 4 for $122.5M; Pete's Q1 stand-alone sales $5.9M, FY2021 sales $22.7M.","Georgia facility Phase 1-A to commence operations July 2022; Phase 1-B construction starts June 2022 with Stack & Flow integration.","Cash and equivalents $76.4M at quarter end; 86.5M shares outstanding; 11.5M warrants and ~10M RSUs."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.32,"consensus_revenue_estimate":null,"consensus_revenue_actual":282000.0,"consensus_period":"2022-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":40121435.95698924,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2022-05-09T23:59:59+00:00|377263"}