secwatch.observer — SEC 8-K summary
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Issuer:     Local Bounti Corporation/DE (LOCL)
CIK:        0001840780
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0001193125-23-127513
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840780/000119312523127513/0001193125-23-127513-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840780/000119312523127513/d497330d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-127513

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer