Local Bounti converts all Series A preferred stock to common; equity plan shares increased by 2.47M

Local Bounti Corporation/DE

All 10,728,414 shares of Series A Non-Voting Convertible Preferred Stock automatically converted into common stock on June 11, 2025.
Post-conversion, common shares outstanding total 21,709,496; no preferred shares remain.
Stockholders approved amendment to 2021 Equity Incentive Plan, increasing share pool by 2,473,042 to a total of 3,912,422 shares.
Three Class I directors elected: Pamela Brewster, Michael Molnar, Matthew Nordby.
WithumSmith+Brown, PC ratified as independent auditor for fiscal year 2025.

item 5.02item 5.07item 8.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.