secwatch.observer — SEC 8-K summary
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Issuer:     Local Bounti Corporation/DE (LOCL)
CIK:        0001840780
Form:       8-K
Filed at:   2022-10-24T23:59:59+00:00
Accession:  0001193125-22-267191
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 3.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840780/000119312522267191/0001193125-22-267191-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840780/000119312522267191/d335298d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-267191

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer