secwatch.observer — SEC 8-K summary
======================================

Issuer:     Local Bounti Corporation/DE (LOCL)
CIK:        0001840780
Form:       8-K
Filed at:   2023-06-05T23:59:59+00:00
Accession:  0001193125-23-160812
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840780/000119312523160812/0001193125-23-160812-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840780/000119312523160812/d490216d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-160812

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