secwatch.observer — SEC 8-K summary
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Issuer:     Local Bounti Corporation/DE (LOCL)
CIK:        0001840780
Form:       8-K
Filed at:   2025-06-16T23:59:59+00:00
Accession:  0001840780-25-000026
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840780/000184078025000026/0001840780-25-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840780/000184078025000026/locl-20250611.htm
  HTML page:      https://secwatch.observer/filing/0001840780-25-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer