LOCL Local Bounti Corporation/DE

CIK 0001840780 50 ready 8-Ks latest June 18, 2026, 4:00 PM ET RSS · JSON

Activity: NORMAL 2 filings / 30d vs 1 baseline Risk accumulating: repeated leadership change (5)

Ready 8-Ks 50

Latest filing June 18, 2026, 4:00 PM ET

Top materiality 0.85

Event mix earnings ×17 · other_material ×10 · leadership ×9

Sentiment 10 pos · 10 neg · 30 neu

Latest earnings reported 2025-Q3

Executive change recent →

SHENANIGAN SCORE 1 / 7 see the board

Recent 8-K filings for LOCL

Highest-materiality recent filing

Local Bounti restructures $197M debt, raises $25M PIPE, appoints new CEO

March 31, 2025, 7:59 PM ET debt materiality 0.85 positive item 1.01 item 5.02 item 1.02 item 3.02 item 5.03 item 9.01 ◈ executive_change ×4

Cancelled $139M senior and $58M subordinated debt; remaining senior debt $312M at SOFR+2%, maturity Dec 31, 2035.
Raised $25M via PIPE: ~1.8M shares common + 10.7M Series A Preferred at $2.00/share; 180-day lock-up.

Read filing →

June 18, 2026, 4:00 PM ET leadership materiality 0.55 neutral item 5.02 ◈ executive_change ×4

Local Bounti Executive Chairman Craig Hurlbert and director Matthew Nordby resign; Travis Joyner named Chairman

Craig Hurlbert resigns as Executive Chairman and Board member effective June 18, 2026; remains an employee.
June 12, 2026, 4:00 PM ET other materiality 0.15 neutral item 5.07 ◈ Shareholder Votes ×4

Local Bounti shareholders approve director elections, auditor ratification, and share issuance proposals

Elected Mark J. Nelson and Charles R. Schwab, Jr. as Class II directors with ~99.4% and ~99.9% of votes cast (excluding broker non-votes).
May 15, 2026, 4:21 PM ET leadership materiality 0.50 neutral item 5.02 item 9.01 ◈ executive_change

Local Bounti CCO Dane Almassy terminated; severance of $175K in exchange for release

Chief Commercial Officer Dane Almassy's employment ended May 14, 2026.
May 13, 2026, 7:43 AM ET earnings materiality 0.75 positive item 2.02 item 9.01 ◈ Earnings Releases

Local Bounti Q1 2026 revenue $13.3M (+15% YoY), net loss improves to $12.7M from $37.7M

Revenue $13.3M vs $11.6M prior year; gross profit stable at $1.5M; adjusted gross margin 29%.
March 25, 2026, 7:59 PM ET earnings materiality 0.75 positive item 2.02 item 9.01 ◈ Earnings Releases ×2

Local Bounti Reports 27% Revenue Growth in 2025, Improves Net Loss and Adjusted EBITDA

Full-year 2025 revenue rose 27% to $48.4M; Q4 revenue up 24% to $12.5M vs prior year.
March 16, 2026, 7:59 PM ET debt materiality 0.65 neutral item 1.01 item 2.03 item 3.02 item 9.01 ◈ Debt Financings ×2◈ Equity Issuances ×2◈ Material Agreements ×2

Local Bounti raises $15M via convertible note and warrant; amends credit agreement

$15M convertible note with 7% PIK interest; conversion price $2.50 per share.
February 11, 2026, 6:59 PM ET regulatory materiality 0.75 negative item 3.01 item 7.01 item 9.01 ◈ Listing & Compliance Notices

Local Bounti receives NYSE delisting notice for failing minimum market cap standard

Average global market cap below $50M over 30 consecutive trading days; stockholders' equity also under $50M.
December 9, 2025, 6:59 PM ET leadership materiality 0.50 neutral item 5.02

Local Bounti appoints Anthony Hughes as Interim CFO; CEO Valiasek adds board seat

Anthony Hughes, SVP Finance and CAO, named Interim CFO effective Dec 9, 2025.
November 12, 2025, 6:59 PM ET earnings materiality 0.70 neutral item 2.02 item 9.01

Local Bounti Q3 revenue $12.2M (+19% YoY); adjusted EBITDA loss narrows to $7.2M

Revenue $12.2M, up 19% YoY; net loss $26.4M improved from $34.3M.
October 17, 2025, 7:59 PM ET other materiality 0.15 neutral item 5.07

Local Bounti shareholders approve issuance of up to 5.68M shares to U.S. Bounti

Approved issuance of up to 5,131,871 shares upon conversion of convertible note to U.S. Bounti.
August 13, 2025, 7:59 PM ET earnings materiality 0.65 neutral item 2.02 item 9.01

Local Bounti Q2 revenue up 28% to $12.1M; adjusted EBITDA loss narrows to $6.5M; sees positive EBITDA in early 2026

Revenue $12.1M (+28% YoY); net loss $21.6M vs $25.3M prior year; adjusted EBITDA loss $6.5M, improved from $8.3M.
August 4, 2025, 7:59 PM ET other material materiality 0.60 positive item 1.01 item 2.03 item 3.02 item 7.01 item 9.01 ◈ Debt Financings ×2

Local Bounti secures $10M convertible note, reduces credit facility debt by $10M

Issued $10M convertible note to existing investor U.S. Bounti LLC, 6% annual interest payable in kind, 5-year maturity.
June 16, 2025, 7:59 PM ET other material materiality 0.55 neutral item 5.02 item 5.07 item 8.01 item 9.01

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

All 10,728,414 shares of Series A Non-Voting Convertible Preferred Stock automatically converted into common stock on June 11, 2025.
May 14, 2025, 7:59 PM ET earnings materiality 0.75 positive item 2.02 item 9.01

Local Bounti Q1 revenue up 38% to $11.6M; targets positive adj. EBITDA by Q3 2025

Sales $11.6M (+38% YoY); net loss $37.7M vs $24.1M; adj. EBITDA loss $8.8M.
March 31, 2025, 7:59 PM ET debt materiality 0.85 positive item 1.01 item 5.02 item 1.02 item 3.02 item 5.03 item 9.01 ◈ executive_change ×4

Local Bounti restructures $197M debt, raises $25M PIPE, appoints new CEO

Cancelled $139M senior and $58M subordinated debt; remaining senior debt $312M at SOFR+2%, maturity Dec 31, 2035.
March 31, 2025, 7:59 PM ET earnings materiality 0.85 positive item 2.02 item 9.01

Local Bounti FY2024 sales up 38% to $38.1M; secures $27.5M funding, restructures debt; names new CEO

Full year 2024 sales $38.1M (+38% YoY); gross profit $4.1M; net loss $119.9M; adjusted EBITDA loss $32.1M.
November 14, 2024, 6:59 PM ET earnings materiality 0.65 negative item 2.02 item 9.01

Local Bounti Q3 sales up 50% to $10.2M; net loss $34.3M; targets positive EBITDA by Q2 2025

Sales $10.2M (+50% YoY); adjusted gross margin ~32%, up 300bps sequentially.
August 13, 2024, 7:59 PM ET earnings materiality 0.75 neutral item 2.02 item 9.01

Local Bounti Q2 revenue +31% to $9.4M; net loss $25.3M; reiterates FY guidance

Revenue $9.4M (+31% YoY); operating loss improved to $13.9M from $19.4M.
June 26, 2024, 7:59 PM ET leadership materiality 0.65 positive item 5.02 item 7.01 item 9.01 ◈ executive_change

Local Bounti CFO Kathleen Valiasek promoted to President and CFO; CEO salary reduced to $43,888

Kathleen Valiasek appointed President effective June 24, 2024; retains CFO role; reports to CEO Craig Hurlbert.
June 14, 2024, 7:59 PM ET other materiality 0.50 neutral item 5.02 item 5.07 item 5.03 item 9.01

Local Bounti shareholders approve 510K share increase to equity plan, officer exculpation charter amendment

Shareholders approved Plan Amendment increasing equity plan shares by 510,000 to total 1,439,380 shares.
May 9, 2024, 7:59 PM ET earnings materiality 0.70 positive item 2.02 item 9.01 ◈ Earnings Releases

Local Bounti Q1 sales $8.4M (+25% YoY); FY2024 guidance $50-60M; targets $228M financing

Sales $8.4M, up 25% YoY; net loss $24.1M; adj EBITDA loss $6.9M (improved from $9.4M in Q4'23).
April 5, 2024, 7:59 PM ET regulatory materiality 0.80 negative item 3.01 item 7.01 item 9.01 ◈ Listing & Compliance Notices

Local Bounti receives NYSE delisting notice for low market cap and equity

NYSE notice: average global market cap <$50M and stockholders' equity <$50M over 30 trading days.
March 27, 2024, 7:59 PM ET earnings materiality 0.75 negative item 2.02 item 9.01 ◈ Earnings Releases

Local Bounti FY 2023 sales +42% to $27.6M; net loss $124M; prelim Q1 2024 rev ~$8.4M

Sales grew 42% YoY to $27.6M; adjusted gross margin ~27%; net loss of $124.0M includes $38.5M goodwill impairment.
January 26, 2024, 6:59 PM ET other material materiality 0.65 negative item 1.01 item 2.03 item 9.01 ◈ Material Agreements ×2◈ Debt Financings

Local Bounti amends credit to allow Q1 2024 PIK interest, cuts warrant price to $6.50

Eighth Amendment permits payment-in-kind of quarterly interest for quarter ending March 31, 2024.
December 15, 2023, 6:59 PM ET leadership materiality 0.75 neutral item 5.02 item 7.01 item 9.01 ◈ executive_change ×2

Local Bounti appoints co-founder Craig Hurlbert as CEO; FY2023 sales guided to ~$28M

Co-founder Craig Hurlbert appointed CEO effective Dec 14, 2023; annual salary $35,568.
October 30, 2023, 7:59 PM ET earnings materiality 0.85 negative item 2.02 item 7.01 item 8.01 item 9.01 ◈ Earnings Releases

Local Bounti Q3 sales rise 8% to $6.8M; net loss $24.3M; NYSE listing risk flagged

Net loss of $24.3M vs $27.1M a year ago; adjusted EBITDA loss widened to $9.0M from $7.3M.
October 20, 2023, 7:59 PM ET regulatory materiality 0.60 negative item 3.01 ◈ Listing & Compliance Notices

NYSE delists Local Bounti warrants (LOCL WS) due to abnormally low price

NYSE halted trading in warrants on Oct 17, 2023 due to low price.
October 6, 2023, 7:59 PM ET debt materiality 0.65 negative item 1.01 item 2.03 item 9.01 ◈ Debt Financings◈ Material Agreements

Local Bounti amends credit agreements to allow PIK interest for Q3 and Q4 2023

Seventh Amendment with Cargill Financial allows PIK interest for quarters ending Sep 30, 2023 and Dec 31, 2023.
August 9, 2023, 7:59 PM ET earnings materiality 0.70 neutral item 2.02 item 9.01 ◈ Earnings Releases

Local Bounti Q2 sales $7.2M, net loss $10.7M; reaffirms FY2023 guidance $34-$40M

Sales $7.2M vs $6.3M YoY; gross profit $0.9M; adjusted gross margin ~28% excl. depreciation and non-recurring items.
June 26, 2023, 7:59 PM ET leadership materiality 0.50 neutral item 5.02 ◈ executive_change

Local Bounti President Brian Cook to depart on July 7, 2023

Brian Cook separates as President, effective July 7, 2023.
June 23, 2023, 7:59 PM ET other materiality 0.15 neutral item 5.07 ◈ Shareholder Votes ×2

Local Bounti stockholders elect directors, ratify auditor at 2023 annual meeting

Edward C. Forst elected as Class II director: 44.3M for, 8.2M withheld, 20.4M broker non-votes.
June 15, 2023, 7:59 PM ET other material materiality 0.60 neutral item 3.03 item 5.03 item 8.01 item 9.01 ◈ Governance Changes

Local Bounti effects 1-for-13 reverse stock split of common stock effective June 15, 2023

Reverse split ratio 1-for-13; every 13 shares become 1 share; trading symbol LOCL unchanged.
June 5, 2023, 7:59 PM ET other material materiality 0.60 neutral item 3.03

Local Bounti Board approves 1-for-13 reverse stock split effective June 15, 2023

Board approved 1-for-13 reverse stock split effective June 15, 2023; stockholders had approved on April 26, 2023.
May 26, 2023, 7:59 PM ET leadership materiality 0.65 neutral item 5.02 item 7.01 item 9.01 ◈ executive_change

Local Bounti appoints Anna Fabrega CEO effective June 5, 2023; co-founders shift to Strategy and CTO roles

Anna Fabrega, former Freshly CEO and Amazon Go managing director, named CEO of Local Bounti.
May 10, 2023, 7:59 PM ET earnings materiality 0.60 neutral item 2.02 item 9.01 ◈ Earnings Releases

Local Bounti Q1 sales $6.7M; reaffirms FY2023 guidance $34-40M

Sales grew to $6.7M from $0.3M; net loss $23.5M vs $25.8M prior year.
May 3, 2023, 7:59 PM ET other material materiality 0.60 positive item 1.01 item 2.03 item 7.01 item 9.01 ◈ Debt Financings◈ Material Agreements

Local Bounti completes $35M sale-leaseback of two CA facilities for non-dilutive cash

Sold Carpinteria and Oxnard facilities for $35M to STORE Master Funding XXXI; 25-year lease with four 5-year renewal options.
April 28, 2023, 7:59 PM ET other material materiality 0.50 neutral item 5.07 ◈ Shareholder Votes

Shareholders approve reverse stock split authorization for Local Bounti at ratio up to 1:25

Approved amendment to Certificate of Incorporation authorizing reverse stock split at ratio of 1-for-2 to 1-for-25.
March 29, 2023, 7:59 PM ET earnings materiality 0.80 neutral item 2.02 item 7.01 item 9.01 ◈ Earnings Releases

Local Bounti reports FY2022 net loss of $111M; secures $145M financing; guides FY2023 sales $34-40M

Full-year 2022 sales of $19.5M (up from $0.6M); net loss of $111.1M vs $56.1M prior year.
March 21, 2023, 7:59 PM ET leadership materiality 0.20 neutral item 5.02 item 7.01 item 9.01 ◈ executive_change

Local Bounti appoints Jennifer Carr-Smith to Board, effective May 15, 2023

Board expands from 6 to 7 directors; Carr-Smith designated as Class III independent director.
March 17, 2023, 7:59 PM ET debt materiality 0.70 neutral item 1.01 item 2.02 item 2.03 item 9.01 ◈ Debt Financings◈ Earnings Releases◈ Material Agreements

Local Bounti amends Cargill credit facility; reports FY2022 sales $19.5M, net loss $111.1M

Fifth Amendment reduces required cash in debt service reserve by ~$11M until April 2, 2024; allows PIK interest and Q1 2023 unused fee.
March 3, 2023, 6:59 PM ET regulatory materiality 0.80 negative item 3.01 item 7.01 item 9.01 ◈ Listing & Compliance Notices

Local Bounti receives NYSE delisting notice for sub-$1.00 stock price

NYSE notified Local Bounti on Feb 28, 2023 that average closing price was below $1.00 over 30 consecutive trading days.
January 6, 2023, 6:59 PM ET debt materiality 0.60 neutral item 1.01 item 2.03 item 9.01 ◈ Material Agreements ×2

Local Bounti amends Cargill credit agreements: reduces reserve, liquidity covenants, allows PIK interest

Debt service reserve reduced by ~$10M; minimum liquidity cut from $20M to $11M (or $10M with offtake).
December 16, 2022, 6:59 PM ET leadership materiality 0.55 neutral item 5.02 ◈ executive_change

Local Bounti COO Mark McKinney departs effective December 12, 2022

Mark McKinney separated as COO effective immediately on December 12, 2022.
November 10, 2022, 6:59 PM ET earnings materiality 0.60 neutral item 2.02 item 9.01 ◈ Earnings Releases

Local Bounti Q3 revenue $6.3M (vs $0.2M prior), net loss $27.1M; reaffirms FY22 guidance at least $20M

Q3 2022 revenue $6.3M, up from $0.2M a year ago; net loss $27.1M vs $10.8M prior.
November 2, 2022, 7:59 PM ET other material materiality 0.60 neutral item 3.02 item 9.01

Local Bounti closes $23.3M private placement; sells 9.32M shares at $2.50

Second closing on Nov 2 generated $8M from 3.2M shares; total placement $23.3M from 9.32M shares.
October 24, 2022, 7:59 PM ET other material materiality 0.75 positive item 1.01 item 3.02 item 3.03 item 8.01 item 9.01

Local Bounti raises $23.3M in PIPE financing at $2.50/share from Fidelity, BNP Paribas, others

Gross proceeds $23.3M from 9.32M shares at $2.50/share; initial closing of $15.3M for 6.12M shares.
August 15, 2022, 7:59 PM ET earnings materiality 0.75 negative item 2.02 item 9.01

Local Bounti Q2 revenue $6.3M, net loss $31.7M; reaffirms FY2022 guidance of at least $20M

Revenue of $6.3M vs $0.1M prior year; gross profit negative $12K; adjusted gross margin ~38%.
June 23, 2022, 7:59 PM ET other materiality 0.10 neutral item 5.07

Local Bounti holds 2022 annual meeting; elects two Class I directors and ratifies auditor

Stockholders elected Pamela Brewster and Matthew Nordby as Class I directors; For votes 63.2M and 62.6M respectively.
May 18, 2022, 7:59 PM ET other material materiality 0.10 neutral item 7.01 item 9.01

Local Bounti updates investor presentation for BMO Farm to Market Conference

Filed under Regulation FD; investor presentation dated May 18, 2022 furnished as Exhibit 99.1.
May 9, 2022, 7:59 PM ET earnings materiality 0.65 neutral item 2.02 item 9.01

Local Bounti Q1 sales $282K, net loss $25.8M; reaffirms FY2022 guidance of at least $20M

Sales of $282K vs $57K prior year; gross margin 17% (39% adjusted gross margin excluding depreciation).