Here are the DEF 14A proxy statements from Local Bounti Corp WTS (LOCLW) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A DEF 14A covers the proxy statement, with executive pay and the shareholder votes, so if you follow LOCLW 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 LOCLW filings page.
Local Bounti Corporation (LOCL) is asking stockholders at a November 4, 2026 virtual special meeting to approve, for NYSE rule compliance, the potential issuance of up to 12,563,309 shares of common stock upon conversion of a convertible note held by majority stockholder U.S. Bounti and up to 1,000,000 warrant shares, plus an adjournment proposal.
The note has an initial principal balance of $12.5 million and an initial conversion price of $1.37 per share, and the warrant is immediately exercisable at $0.125 per share for 10 years. Depending on how much payment-in-kind (PIK) interest is added, conversion of all obligations could reach 12,797,005 shares, exceeding NYSE’s 1% “Active Related Party” cap and therefore requiring stockholder approval.
Local Bounti discloses that issuing these shares to U.S. Bounti would dilute other holders’ ownership, book value per share, and future earnings per share, and larger resales could pressure the trading price. Charles R. Schwab, through U.S. Bounti and related entities, already beneficially owns 74.3% of common stock and can significantly influence corporate decisions.
Local Bounti Corporation is asking stockholders to approve routine annual items and a major share issuance tied to insider financing at its virtual-only 2026 annual meeting.
Stockholders will vote on re-electing two Class II directors, ratifying WithumSmith+Brown as auditor, and a NYSE Approval Proposal allowing issuance of up to 7,882,861 shares upon conversion of a $15.0 million note to U.S. Bounti and up to 5,500,000 warrant shares at $0.125 per share. The filing outlines voting mechanics, broker non-vote treatment, director/committee structure, executive and director pay, and significant related-party arrangements, including the Grow Bitterroot lease and services agreements. There were 22,795,198 shares outstanding on the April 13, 2026 record date.