Highest-materiality recent filing
Local Bounti CCO Dane Almassy terminated; severance of $175K in exchange for release
Chief Commercial Officer Dane Almassy's employment ended May 14, 2026.
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%.
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.
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.
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.
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.
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.
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.
Revenue $12.1M (+28% YoY); net loss $21.6M vs $25.3M prior year; adjusted EBITDA loss $6.5M, improved from $8.3M.
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.
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.
On May 14, 2026, Local Bounti Corporation (the “Company”) notified Dane Almassy, the Company’s Chief Commercial Officer, that his employment with the Company ended effective May 14, 2026 (the “Separation Date”).
Max materiality 0.75 · Median 0.65 · Most common event earnings