secwatch.observer — SEC 8-K summary
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Issuer:     Local Bounti Corporation/DE (LOCL)
CIK:        0001840780
Form:       8-K
Filed at:   2023-06-15T23:59:59+00:00
Accession:  0001193125-23-167423
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840780/000119312523167423/0001193125-23-167423-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840780/000119312523167423/d522959d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-167423

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