---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-275825"
form_type: "8-K"
ticker: "LOCL"
cik: "0001840780"
company_name: "Local Bounti Corporation/DE"
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T15:25:02.483872+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-275825
- form_type: 8-K
- ticker: LOCL
- cik: 0001840780
- company_name: Local Bounti Corporation/DE
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840780/000119312522275825/0001193125-22-275825-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840780/000119312522275825/d384968d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-275825
- JSON: https://secwatch.observer/filing/0001193125-22-275825.json
- Plain text: https://secwatch.observer/filing/0001193125-22-275825.txt

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