---
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"
generated_at: "2026-06-16T06:42:19.728771+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Shareholders approve reverse stock split authorization for Local Bounti at ratio up to 1:25

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.07
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-127513
- JSON: https://secwatch.observer/filing/0001193125-23-127513.json
- Plain text: https://secwatch.observer/filing/0001193125-23-127513.txt

## Key facts
- Shareholder Votes
  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.
  - Proposal: reverse split
  - Outcome: passed
  - Meeting: 2023-04-26
  source text: On April 26, 2023, Local Bounti Corporation (“Local Bounti,” “we,” “us,” or “our”) held its special meeting of stockholders (the “Special Meeting”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1840780/000119312523127513/0001193125-23-127513-index.htm

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