Every 8-K that Local Bounti Corporation (LOCL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow LOCL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LOCL filings page.
Local Bounti Corporation reported preliminary results for the quarter ended June 30, 2026. Sales rose to $13.9 million, up 14% from $12.1 million a year earlier, driven by increased production at facilities in Georgia, Texas, and Washington. Gross profit was $1.0 million versus $1.5 million, and adjusted gross margin declined to 27% from 30% due to temporary packing inefficiencies in Georgia. General and administrative expenses fell to $7.5 million, with adjusted G&A down 17% to $4.1 million.
Net loss narrowed to $19.8 million from $21.6 million, while adjusted EBITDA loss improved to $5.8 million from $7.1 million. The company ended the quarter with $10.1 million in cash, cash equivalents, and restricted cash, and subsequently received an additional $12.5 million investment from an existing strategic investor via a convertible note and warrant. As of June 30, 2026, Local Bounti reported a stockholders’ deficit of $196.9 million and fully diluted share count of about 42.5 million, and highlighted ongoing going‑concern and capital‑raising risks even as it targets positive adjusted EBITDA.
On August 7, 2026, Local Bounti Corporation entered into a Convertible Note and Warrant Purchase Agreement with U.S. Bounti, LLC for a $12.5 million convertible note and a warrant to purchase 1,000,000 common shares. Proceeds are intended for working capital and general corporate purposes.
The note bears 7.0% annual interest, initially paid as payment-in-kind interest added to principal, and is convertible at an initial $1.37 per share. Full conversion of the initial principal would result in 9,124,088 shares, with automatic conversion of half the obligations on the fourth anniversary and the remainder at maturity, subject to an option to repay in cash if conditions are met. The warrant is immediately exercisable at $0.125 per share for 10 years.
Until stockholders approve the transaction under New York Stock Exchange rules, U.S. Bounti is limited to receiving no more than 1% of outstanding common stock from conversions or warrant exercises. A concurrent letter agreement with Cargill Financial revises the Senior Credit Agreement, reducing the minimum liquidity covenant to $3.5 million through March 31, 2027 and $2.0 million from April 1, 2027 onward, and permits certain interest to be paid in kind.
Local Bounti Corporation announced that Executive Chairman and director Craig Hurlbert and director Matthew Nordby intend to resign from the Board, effective June 18, 2026. The company states their decisions were not based on any disagreement with management.
After these resignations, the Board size will be reduced from eight to six members. Travis Joyner will become Chairman of the Board, while Mark Nelson will serve as Lead Independent Director and chair multiple committees. Craig Hurlbert will continue with the company as an employee.
Local Bounti Corporation reported results of its 2026 Annual Meeting of Stockholders. As of the April 13, 2026 record date, 22,795,198 common shares were outstanding, and 87.35% of these were represented, establishing a quorum.
Stockholders elected Mark J. Nelson and Charles R. Schwab, Jr. as Class II directors and ratified WithumSmith+Brown, PC as independent registered public accounting firm for the year ending December 31, 2026.
Stockholders also approved, under New York Stock Exchange rules, the potential issuance of up to 7,882,861 shares of common stock upon conversion of a convertible note issued to U.S. Bounti, LLC and up to 5,500,000 shares underlying a related common stock purchase warrant. An adjournment proposal was additionally approved, if needed, to solicit more proxies.
Local Bounti Corporation reported that its Chief Commercial Officer, Dane Almassy, ended his employment with the company effective May 14, 2026, which is defined as the Separation Date. Under his employment agreement dated July 15, 2025, he is entitled to receive salary and other benefits accrued through that date. If he signs a general release of claims within the 21-day consideration period and complies with applicable restrictive covenants, he will receive continued salary payments and COBRA reimbursement payments for six months following the Separation Date. The company attached the form of the separation and release agreement as an exhibit.
Local Bounti Corporation reported first-quarter 2026 results showing higher sales and smaller losses. Revenue grew 15% to $13.3M, driven by increased production at facilities in Georgia, Texas, and Washington, while adjusted gross margin held at 29%. Net loss narrowed to $12.7M from $37.7M, largely due to lower net interest expense after prior debt restructuring. Adjusted EBITDA loss improved 35% to $5.7M, and adjusted general and administrative expense fell 30% to $4.1M as cost controls took hold. The company ended the quarter with $18.8M in cash and restricted cash and received a $15M investment from an existing strategic investor. It also highlighted a newly issued U.S. patent for its AI-driven growing optimization and continued expansion across roughly 13,000 retail doors.
Local Bounti Corporation reported strong top-line growth and narrower losses for 2025 while materially restructuring its balance sheet. Sales rose 27% to $48.4 million, with fourth-quarter sales up 24% to $12.5 million, driven by higher production at facilities in Georgia, Texas, and Washington.
Full-year gross profit increased 43% to $5.9 million, and adjusted gross margin reached 29%. Net loss improved 21% to $94.4 million, while adjusted EBITDA loss improved to $(28.3) million. During 2025 the company cut annualized expenses by nearly $10 million and reduced quarterly net loss to $8.7 million.
Local Bounti overhauled its capital structure, closing a $25 million equity raise, cancelling approximately $197 million of debt principal and accrued interest, extending its senior credit facility to a 10-year term with no cash payments until April 2027, and adding a $10 million convertible note tied to a further $10 million senior debt reduction. Subsequent to year end, an existing strategic investor provided an additional $15 million of growth capital.
The company ended 2025 with $10.7 million in cash and restricted cash, approximately 22.2 million common shares outstanding and a fully diluted share count of about 36.0 million. Operationally, Local Bounti reports its facilities running at full capacity, an approximate 10% increase in run-rate yields from tower upgrades, and continued distribution expansion to roughly 13,000 retail doors along with new retail accounts and a more than 600% increase in 2025 sales to a major e-commerce and direct-to-consumer customer.
Local Bounti Corporation entered a financing deal with U.S. Bounti, LLC involving a $15.0 million convertible note and a warrant for 5,500,000 common shares. The note carries 7.0% annual interest, initially paid-in-kind by increasing principal, and is convertible at $2.50 per share. Half of the note balance will automatically convert on the fourth anniversary and the rest at maturity, with options to repay in cash if conditions are met. Full conversion of the initial principal would issue 6,000,000 shares, plus any added PIK interest. The warrant is immediately exercisable at $0.125 per share for 10 years. Share issuance from conversions and exercises is capped at 1% of outstanding common stock until required stockholder approval, which the company must seek by June 30, 2026. A related letter with Cargill revised minimum liquidity covenants to $3.5 million through September 30, 2026 and $2.0 million thereafter, and delayed minimum EBITDA testing to March 31, 2027.
Local Bounti Corporation received a notice from the New York Stock Exchange that it is not in compliance with the NYSE’s Minimum Market Capitalization Standard, because its average global market capitalization over 30 trading days and its last reported stockholders’ equity were each below $50 million.
The company has 45 days from February 5, 2026 to submit a plan showing how it will regain compliance within a nine‑month cure period. If the NYSE accepts the plan, Local Bounti’s shares may continue trading during this period, subject to ongoing review, but failure to submit or execute an acceptable plan could lead to suspension and delisting.
The notice does not immediately affect trading, and the company states it is considering all available options, while cautioning there is no assurance it will maintain its NYSE listing.
Local Bounti Corporation announced leadership changes focused on its finance and governance structure. The board appointed Anthony Hughes, previously Senior Vice President of Finance and Chief Accounting Officer, as Interim Chief Financial Officer effective December 9, 2025. He brings extensive accounting and finance experience from prior senior roles at Amyris, ServiceSource International, CRC Health Group, and Ernst & Young and will receive no change in compensation in this interim role.
The board also expanded its size by one seat and appointed President and Chief Executive Officer Kathleen Valiasek as a Class III director, effective December 9, 2025. She has led Local Bounti in multiple executive roles since 2021 and has a long background in corporate finance and strategic advisory work. Both Hughes and Valiasek have standard indemnification agreements, and the company states there are no family relationships or special arrangements connected to their appointments.
Local Bounti Corporation furnished an update on its business by announcing financial results for the quarter ended September 30, 2025. The company disclosed these results via a press release furnished as Exhibit 99.1.
The information under Item 2.02 is furnished, not filed, under the Exchange Act and is not subject to Section 18 liabilities, nor incorporated by reference into Securities Act or Exchange Act filings except as specifically referenced. The filing also includes the Cover Page Interactive Data File as Exhibit 104.
Local Bounti Corporation reported the results of a Special Meeting held on October 14, 2025. Stockholders approved, for NYSE compliance, the issuance of up to 5,131,871 shares of common stock upon conversion of a convertible note issued to U.S. Bounti, LLC and up to 550,000 shares underlying a related common stock purchase warrant, both under the August 1, 2025 Purchase Agreement.
As of the August 22, 2025 record date, 22,123,010 shares were outstanding and entitled to vote; 74.2% of these were represented, constituting a quorum. The NYSE Approval Proposal received 16,394,367 votes for, 17,872 against, and 1,763 abstentions. Stockholders also approved the potential adjournment proposal with 16,395,341 for, 17,281 against, and 1,380 abstentions.
Local Bounti Corporation filed a current report to note that it has released its financial results for the quarter ended June 30, 2025. On August 13, 2025, the company issued a press release detailing these quarterly results, which is furnished as Exhibit 99.1 to the report and incorporated by reference. The company clarifies that the information under Item 2.02, including Exhibit 99.1, is being furnished rather than filed, so it is not subject to certain liability provisions of the Exchange Act or automatically incorporated into other securities filings.