{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-127513","form_type":"8-K","ticker":"LOCL","cik":"0001840780","company_name":"Local Bounti Corporation/DE","filed_at":"2023-04-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.079939+00:00","generated_at":"2026-06-16T06:42:19.728771+00:00","sec_items":["5.07"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Shareholders approve reverse stock split authorization for Local Bounti at ratio up to 1:25","bullets":["Approved amendment to Certificate of Incorporation authorizing reverse stock split at ratio of 1-for-2 to 1-for-25.","Board may effect reverse split at any time prior to June 30, 2024 without further stockholder approval.","Proposal passed with 67.8M votes for, 180K against, 16K abstaining; quorum of 65% of shares.","Proposal 2 (related) not presented as Proposal 1 received sufficient votes."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-127513","json":"https://secwatch.observer/filing/0001193125-23-127513.json","markdown":"https://secwatch.observer/filing/0001193125-23-127513.md","text":"https://secwatch.observer/filing/0001193125-23-127513.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1840780/000119312523127513/0001193125-23-127513-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1840780/000119312523127513/d497330d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T06:42:19.728771+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"cb69101cfb5c6df7eef0351aeae8d8a8a869df79","claim":"Local Bounti Corporation/DE shareholders approved To approve an amendment to Local Bounti's Certificate of Incorporation, to, at the discretion of Local Bounti's Board of Directors, effect a reverse stock split of the shares of Local Bounti's common stock, at any time prior to June 30, 2024, at a ratio within a range of 1-for-2 to 1-for-25, with th at the 2023-04-26 meeting.","evidence_excerpt":"On April 26, 2023, Local Bounti Corporation (“Local Bounti,” “we,” “us,” or “our”) held its special meeting of stockholders (the “Special Meeting”).","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1840780/000119312523127513/0001193125-23-127513-index.htm","confidence":0.99,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"reverse split"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-04-26"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}