---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-267191"
form_type: "8-K"
ticker: "LOCL"
cik: "0001840780"
company_name: "Local Bounti Corporation/DE"
filed_at: "2022-10-24T23:59:59+00:00"
generated_at: "2026-06-23T01:43:22.320704+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Local Bounti raises $23.3M in PIPE financing at $2.50/share from Fidelity, BNP Paribas, others

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-267191
- form_type: 8-K
- ticker: LOCL
- cik: 0001840780
- company_name: Local Bounti Corporation/DE
- filed_at: 2022-10-24T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840780/000119312522267191/0001193125-22-267191-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840780/000119312522267191/d335298d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-267191
- JSON: https://secwatch.observer/filing/0001193125-22-267191.json
- Plain text: https://secwatch.observer/filing/0001193125-22-267191.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.