Local Bounti effects 1-for-13 reverse stock split of common stock effective June 15, 2023

Local Bounti Corporation/DE

Reverse split ratio 1-for-13; every 13 shares become 1 share; trading symbol LOCL unchanged.
Effective 12:01 a.m. ET June 15, 2023; new CUSIP 53960E 205.
No fractional shares; cash payment in lieu at closing price on June 14, 2023.
Warrants (LOCL WS) adjusted: 13 warrants exercisable for 1 share at $149.50/share.
Authorized shares and par value unchanged; equity awards proportionately adjusted.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Local Bounti Corporation/DE: Filed certificate of amendment to effect a 1-for-13 reverse stock split of common stock (effective 2023-06-15).

Change: charter amendment
Effective: 2023-06-15

Exact text from the filing

On June 14, 2023, Local Bounti Corporation (the “Company”) filed with the Secretary of State of the State of Delaware a certificate of amendment (the “Certificate of Amendment”) to the Company’s Certificate of Incorporation to effect a 1-for-13 reverse stock split (the “Reverse Stock Split”) of its common stock, par value $0.0001 per share (“Common Stock”).

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Source: SEC EDGAR

accession 0001193125-23-167423

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