{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-054899","form_type":"8-K","ticker":"LOCL","cik":"0001840780","company_name":"Local Bounti Corporation/DE","filed_at":"2026-08-07T20:51:04+00:00","discovered_at":"2026-08-07T20:52:09.456103+00:00","generated_at":"2026-08-07T20:52:13.847624+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Local Bounti raises $12.5M via convertible note and warrant; amends Cargill credit terms","bullets":["Issued $12.5M convertible note to U.S. Bounti, LLC at 7.0% PIK interest; conversion price $1.37/share.","Warrant to purchase 1,000,000 shares at $0.125/share, exercisable immediately, 10-year term.","Note converts to up to 9,124,088 shares; 50% auto-converts at 4th anniversary, 50% at maturity.","Cargill Financial amended Senior Credit Agreement: minimum liquidity cut to $3.5M through Mar 2027, $2.0M thereafter.","Proceeds for working capital; stockholder approval required by Nov 30, 2026 for issuance above 1% cap."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-054899","json":"https://secwatch.observer/filing/0001628280-26-054899.json","markdown":"https://secwatch.observer/filing/0001628280-26-054899.md","text":"https://secwatch.observer/filing/0001628280-26-054899.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1840780/000162828026054899/0001628280-26-054899-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1840780/000162828026054899/locl-20260807.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-07T20:52:13.847624+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}