{"schema_version":"secwatch.filing_event.v1","accession":"0001840780-24-000002","form_type":"8-K","ticker":"LOCL","cik":"0001840780","company_name":"Local Bounti Corporation/DE","filed_at":"2024-01-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.913339+00:00","generated_at":"2026-06-06T16:41:34.001540+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Local Bounti amends credit to allow Q1 2024 PIK interest, cuts warrant price to $6.50","bullets":["Eighth Amendment permits payment-in-kind of quarterly interest for quarter ending March 31, 2024.","Warrant exercise price reduced from $13.00 to $6.50 per share; still covers 5,353,846 shares.","PIK interest added to principal balance; no cash interest payment due for Q1 2024.","Amendments with Cargill Financial underscore ongoing cash-preservation measures."],"urls":{"canonical":"https://secwatch.observer/filing/0001840780-24-000002","json":"https://secwatch.observer/filing/0001840780-24-000002.json","markdown":"https://secwatch.observer/filing/0001840780-24-000002.md","text":"https://secwatch.observer/filing/0001840780-24-000002.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1840780/000184078024000002/0001840780-24-000002-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1840780/000184078024000002/locl-20240123.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T16:41:34.001540+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":"5f6e7188f02ca9a519d49fa67f4856b280d3b1f7","claim":"Local Bounti Corporation/DE amended credit facility with Cargill Financial Services International, Inc..","evidence_excerpt":"The information provided in Item 1.01 under “Eighth Amendment to Credit Agreements” of this Current Report on Form 8-K is incorporated herein by reference.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1840780/000184078024000002/0001840780-24-000002-index.htm","confidence":0.7,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Counterparty","value":"Cargill Financial Services International, Inc."},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"11de971b35a8e07de4f04a2538c375591a801be8","claim":"Local Bounti Corporation/DE amended Eighth Amendment to Credit Agreements with Cargill Financial Services International, Inc. (effective 2024-01-23).","evidence_excerpt":"On January 23, 2024, the Company, along with certain subsidiaries of the Company, entered into an Eighth Amendment to Credit Agreements (the “Eighth Amendment”) with Cargill Financial to further amend the Credit Agreements.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1840780/000184078024000002/0001840780-24-000002-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Cargill Financial Services International, Inc."},{"label":"Effective","value":"2024-01-23"}],"fact_type":"material_agreement"},{"claim_id":"b97b38df9a646ff8a854c27eb36416fee77a4274","claim":"Local Bounti Corporation/DE amended Amendment to Common Stock Purchase Warrant with Cargill Financial Services International, Inc. (effective 2024-01-23).","evidence_excerpt":"On January 23, 2024, the Company entered into an Amendment to Common Stock Purchase Warrant (the “Warrant Amendment”) with Cargill Financial to amend that certain Common Stock Purchase Warrant, dated March 28, 2023","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1840780/000184078024000002/0001840780-24-000002-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Cargill Financial Services International, Inc."},{"label":"Effective","value":"2024-01-23"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}