Local Bounti Board approves 1-for-13 reverse stock split effective June 15, 2023

Local Bounti Corporation/DE

Board approved 1-for-13 reverse stock split effective June 15, 2023; stockholders had approved on April 26, 2023.
No fractional shares; cash payment based on closing price on June 14, 2023.
Warrants adjusted: every 13 warrants become exercisable for one share at $149.50.
Common stock CUSIP changes to 53960E 205; trading symbol LOCL unchanged.

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