Source-grounded facts extracted from Local Bounti Corporation/DE's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Local Bounti Corporation/DE reported the year ended December 31, 2022 results: revenue $19.5 million, net income $111.1 million.
“For the full year ended December 31, 2022, the Company generated sales of $19.5 million, adjusted gross margin of 38%, net loss of $111.1 million, and adjusted EBITDA loss of $29.8 million.”
Local Bounti Corporation/DE amended credit facility of $170.0 million with Cargill Financial Services International, Inc..
“in each of the Credit Agreements from $11.0 million to $1.0 million. The aggregate amount of outstanding loans and undrawn commitments under the Credit Agreements remains at $170.0 million (plus interest paid in kind). All capitalized terms above that are not defined elsewhere have the meanings ascribed to them in the Fifth Amendment or the Credit Agreements, as”
Local Bounti Corporation/DE amended Fifth Amendment to Credit Agreements with Cargill Financial Services International, Inc. (effective 2023-03-13).
“On March 13, 2023, the Company, along with certain subsidiaries of the Company, entered into a Fifth Amendment to Credit Agreements (the "Fifth Amendment") with Cargill Financial to further amend the Credit Agreements.”
Local Bounti Corporation/DE received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).
“February 28, 2023, Local Bounti Corporation (the “ Company ”) received written notice from the New York Stock Exchange (the “ NYSE ”) that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of the Company’s common stock was less than $1.00 over a consecutive 30 trading-day period. The notice has no immediate effect on the listing of the Company’s common stock, which will continue to be listed and traded on the NYSE, subject to the Company’s compliance with other NYSE continued listing standards. In accordance with the NYSE Listed Co”
Local Bounti Corporation/DE amended Fourth Amendment to Credit Agreements with Cargill Financial Services International, Inc. valued at $11.0 million (effective 2023-01-06).
“On January 6, 2023, the Company, along with certain subsidiaries of the Company, entered into a Fourth Amendment to Credit Agreements (the “Fourth Amendment”) with Cargill Financial to further amend the Credit Agreements, as amended by the Third Amendment.”
Local Bounti Corporation/DE amended Third Amendment to Credit Agreements with Cargill Financial Services International, Inc. valued at $170.0 million (effective 2022-12-30).
“On December 30, 2022, the Company, along with certain subsidiaries of the Company, entered into a Third Amendment to Credit Agreements (the “Third Amendment”) with Cargill Financial to further amend the Credit Agreements.”
Mark McKinney departed as Chief Operating Officer at Local Bounti Corporation/DE.
“On December 12, 2022, it was determined that Mark McKinney will separate from employment with Local Bounti Corporation (the “Company”) as the Company’s Chief Operating Officer, effective immediately.”
Local Bounti Corporation/DE reported the quarter ended September 30, 2022 results: revenue $6.3 million, net income Net loss was $27.1 million. Guidance reaffirmed.
“as expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Local Bounti Announces Third Quarter 2022 Financial Results Third quarter revenue of $6.3 million, compared to $0.2 million in the prior year period Previously announced 5-year offtake agreement with Sam's Club for Local Bounti's leafy greens production Reaffirms full year”
Brian Cook was appointed as President at Local Bounti Corporation/DE.
“Following the Closing, effective April 4, 2022, the Company announced that Brian Cook has been named President of the Company, reporting to co-Chief Executive Officers Craig Hurlbert and Travis Joyner.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.