{"schema_version":"secwatch.filing_event.v1","accession":"0001840780-23-000043","form_type":"8-K","ticker":"LOCL","cik":"0001840780","company_name":"Local Bounti Corporation/DE","filed_at":"2023-10-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.951522+00:00","generated_at":"2026-06-09T06:13:00.386479+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Local Bounti Q3 sales rise 8% to $6.8M; net loss $24.3M; NYSE listing risk flagged","bullets":["Net loss of $24.3M vs $27.1M a year ago; adjusted EBITDA loss widened to $9.0M from $7.3M.","Sales of $6.8M, up from $6.3M; revised FY2023 guidance to $30-34M from prior range.","Georgia facility Stack integration completed; Texas and Washington facilities on track for late Q4 2023 and early Q1 2024.","Ended Q3 with $18.3M cash; secured $10M additional working capital from Cargill (closing Nov); USDA lender commitment up to $228M.","NYSE warned of potential delisting if avg share price stays below $1 for 30 days or market cap below $15M; warrants already halted."],"urls":{"canonical":"https://secwatch.observer/filing/0001840780-23-000043","json":"https://secwatch.observer/filing/0001840780-23-000043.json","markdown":"https://secwatch.observer/filing/0001840780-23-000043.md","text":"https://secwatch.observer/filing/0001840780-23-000043.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1840780/000184078023000043/0001840780-23-000043-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1840780/000184078023000043/locl-20231029.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T06:13:00.386479+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":"b95c790fadebd1f875d01e1bbcdbf2f2f7c4ebcb","claim":"Local Bounti Corporation/DE reported the three months ended September 30, 2023 results: revenue $6.8 million, net income $24.3 million.","evidence_excerpt":"levels it will provide for our customers, we expect to begin delivering an acceleration in growth in the coming quarters.\" Third Quarter 2023 Financial Summary • Sales of $6.8 million in the third quarter of 2023, as compared to $6.3 million in the prior year period. • Gross profit was $0.4 million in the third quarter of 2023. Adjusted gross margin percentage","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1840780/000184078023000043/0001840780-23-000043-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended September 30, 2023"},{"label":"Revenue","value":"$6.8 million"},{"label":"Net income","value":"$24.3 million"},{"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"}