Local Bounti closes $23.3M private placement; sells 9.32M shares at $2.50

Local Bounti Corporation/DE

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.

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