{"schema_version":"secwatch.filing_event.v1","accession":"0001840780-23-000008","form_type":"8-K","ticker":"LOCL","cik":"0001840780","company_name":"Local Bounti Corporation/DE","filed_at":"2023-03-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.041553+00:00","generated_at":"2026-06-17T11:02:56.867210+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Local Bounti reports FY2022 net loss of $111M; secures $145M financing; guides FY2023 sales $34-40M","bullets":["Full-year 2022 sales of $19.5M (up from $0.6M); net loss of $111.1M vs $56.1M prior year.","Adjusted EBITDA loss of $29.8M vs $17.8M prior year; adjusted gross margin ~38%.","Secured up to $145M in new financing: Cargill credit facility expanded to $280M ($110M increase) and $35M sale-leaseback of two California facilities.","Issued Cargill 5-year warrants for 69.6M shares at $1.00/share, a >100% premium to stock price at announcement.","FY 2023 sales guidance of $34-40M, excluding future capacity from Georgia Stack implementation."],"urls":{"canonical":"https://secwatch.observer/filing/0001840780-23-000008","json":"https://secwatch.observer/filing/0001840780-23-000008.json","markdown":"https://secwatch.observer/filing/0001840780-23-000008.md","text":"https://secwatch.observer/filing/0001840780-23-000008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1840780/000184078023000008/0001840780-23-000008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1840780/000184078023000008/locl-20230329.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T11:02:56.867210+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":[{"claim_id":"418cc6de5af03c62c29e2f27295405dc31202b07","claim":"Local Bounti Corporation/DE reported the three and twelve months ended December 31, 2022 results: revenue $19.5 million in 2022, net income $111.1 million in 2022. Guidance raised.","evidence_excerpt":"On March 29, 2023, Local Bounti Corporation issued a press release announcing its financial results for the three and twelve months ended December 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1840780/000184078023000008/0001840780-23-000008-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three and twelve months ended December 31, 2022"},{"label":"Revenue","value":"$19.5 million in 2022"},{"label":"Net income","value":"$111.1 million in 2022"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}