secwatch.observer — SEC 8-K summary
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Issuer:     Local Bounti Corporation/DE (LOCL)
CIK:        0001840780
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001193125-22-275825
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840780/000119312522275825/0001193125-22-275825-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840780/000119312522275825/d384968d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-275825

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