Overview
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- TickerLOCL on NYSE1
- IndustryAgricultural Production-Crops1
- HeadquartersHamilton, Montana1
- Incorporated inDE2
- Business address490 Foley Lane, Hamilton, Mt 598402
- Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company2
- Legal formCorporation
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Our mission is to revolutionize agriculture, ensuring accessibility to fresh, sustainable, locally grown produce to nourish communities everywhere for generations to come. Our vision is to reimagine freshness. We envision a future where transformative innovation and technology combine to enable us to locally grow produce with minimal food miles, ensuring the freshest and most sustainable offerings for communities everywhere. We believe that happy plants make happy taste buds, and we are committed to reimagining the standards of freshness. We also believe that local is the best kind of business, and we are committed to helping communities thrive for generations to come. We are committed to building empowered local teams. Together, we believe we are capable of extraordinary achievements in sustainable agriculture.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
12.1%Gross margin4
-129.5%Operating margin4
-195.1%Net margin4
26.8%Revenue growth, 20254
-$41.9MFree cash flow4
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue62¢$42.5M
- Research and development38¢$25.6M
Out of $48.4M in revenue.4 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Sales | $48.4M | $38.1M |
| Cost of goods sold | $42.5M | $34.0M |
| Gross profit | $5.9M | $4.1M |
| Research and development | $25.6M | $22.3M |
| Sales and marketing | $9.1M | $7.9M |
| General and administrative | $33.8M | $32.9M |
| Total operating expenses | $68.5M | $63.1M |
| Loss from operations | -$62.6M | -$59.0M |
| Change in fair value of warrant liabilities | -$3.4M | $811.0K |
| Interest expense, net | -$32.2M | -$58.9M |
| Other income (expense), net | $3.8M | -$2.8M |
| Net loss | -$94.4M | -$119.9M |
| Less: Deemed dividend to preferred stockholders | $403.0K | $0 |
| Net loss attributable to common stockholders | -$94.8M | -$119.9M |
| Basic (in dollars per share) | -$5.61 | -$14.14 |
| Diluted (in dollars per share) | -$5.61 | -$14.14 |
| Basic (in shares) | 16.9M shares | 8.5M shares |
| Diluted (in shares) | 16.9M shares | 8.5M shares |
| Total stock-based compensation expense, net of amounts capitalized | $5.2M | $3.3M |
| Total depreciation and amortization | $23.2M | $18.9M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2025-03-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $4.2M | $937.0K | ||
| Restricted cash | $6.5M | $6.5M | ||
| Accounts receivable, net | $2.2M | $2.3M | ||
| Inventory, net | $7.4M | $6.8M | ||
| Prepaid expenses and other current assets | $1.7M | $2.3M | ||
| Total current assets | $22.0M | $18.8M | ||
| Property and equipment, net | $357.4M | $371.0M | ||
| Finance lease right-of-use assets, net | $214.0K | $277.0K | ||
| Operating lease right-of-use assets, net | $47.0K | $73.0K | ||
| Intangible assets, net | $30.8M | $37.8M | ||
| Other assets | $0 | $101.0K | ||
| Total assets | $410.5M | $428.0M | ||
| Accounts payable | $11.8M | $17.0M | ||
| Accrued liabilities | $3.7M | $18.1M | ||
| Short-term debt | $0 | $20.2M | ||
| Financing obligation | $762.0K | $51.0K | ||
| Operating lease liabilities | $32.0K | $30.0K | ||
| Finance lease liabilities | $81.0K | $81.0K | ||
| Total current liabilities | $16.3M | $55.4M | ||
| Principal amount | $312.2M | $447.7M | ||
| Plus: Debt premium, net of amortization | $172.4M | $0 | ||
| Less: Debt discount, net of amortization | -$1.5M | $0 | ||
| Unamortized deferred financing costs | $0 | -$31.1M | ||
| Long-term debt, net | $483.1M | $416.6M | ||
| Accrued interest, noncurrent | $14.5M | $0 | ||
| Financing obligation, noncurrent | $51.3M | $49.9M | ||
| Operating lease liabilities, noncurrent | $25.0K | $57.0K | ||
| Finance lease liabilities, noncurrent | $155.0K | $206.0K | ||
| Warrant liabilities | $11.3M | $6.4M | ||
| Total liabilities | $576.7M | $528.5M | ||
| Common stock, $0.0001 par value, 400,000,000 shares authorized; 22,223,800 and 8,656,122 issued and outstanding as of December 31, 2025 and 2024, respectively | $2.0K | $1.0K | ||
| Additional paid-in capital | $351.4M | $322.7M | ||
| Accumulated deficit | -$517.6M | -$423.2M | ||
| Total stockholders' deficit | -$166.2M | -$100.5M | $15.3M | |
| Total liabilities and stockholders' deficit | $410.5M | $428.0M | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 400.0M shares | 400.0M shares | ||
| Common stock, shares issued (in shares) | 22.2M shares | 8.7M shares | ||
| Common stock, shares outstanding (in shares) | 22.2M shares | 8.7M shares |
| Period ending | 2025-12-31 | 2025-03-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $4.2M | $937.0K | ||
| Restricted cash | $6.5M | $6.5M | ||
| Accounts receivable, net | $2.2M | $2.3M | ||
| Inventory, net | $7.4M | $6.8M | ||
| Prepaid expenses and other current assets | $1.7M | $2.3M | ||
| Total current assets | $22.0M | $18.8M | ||
| Property and equipment, net | $357.4M | $371.0M | ||
| Finance lease right-of-use assets, net | $214.0K | $277.0K | ||
| Operating lease right-of-use assets, net | $47.0K | $73.0K | ||
| Intangible assets, net | $30.8M | $37.8M | ||
| Other assets | $0 | $101.0K | ||
| Total assets | $410.5M | $428.0M | ||
| Accounts payable | $11.8M | $17.0M | ||
| Accrued liabilities | $3.7M | $18.1M | ||
| Short-term debt | $0 | $20.2M | ||
| Financing obligation | $762.0K | $51.0K | ||
| Operating lease liabilities | $32.0K | $30.0K | ||
| Finance lease liabilities | $81.0K | $81.0K | ||
| Total current liabilities | $16.3M | $55.4M | ||
| Principal amount | $312.2M | $447.7M | ||
| Plus: Debt premium, net of amortization | $172.4M | $0 | ||
| Less: Debt discount, net of amortization | -$1.5M | $0 | ||
| Unamortized deferred financing costs | $0 | -$31.1M | ||
| Long-term debt, net | $483.1M | $416.6M | ||
| Accrued interest, noncurrent | $14.5M | $0 | ||
| Financing obligation, noncurrent | $51.3M | $49.9M | ||
| Operating lease liabilities, noncurrent | $25.0K | $57.0K | ||
| Finance lease liabilities, noncurrent | $155.0K | $206.0K | ||
| Warrant liabilities | $11.3M | $6.4M | ||
| Total liabilities | $576.7M | $528.5M | ||
| Common stock, $0.0001 par value, 400,000,000 shares authorized; 22,223,800 and 8,656,122 issued and outstanding as of December 31, 2025 and 2024, respectively | $2.0K | $1.0K | ||
| Additional paid-in capital | $351.4M | $322.7M | ||
| Accumulated deficit | -$517.6M | -$423.2M | ||
| Total stockholders' deficit | -$166.2M | -$100.5M | $15.3M | |
| Total liabilities and stockholders' deficit | $410.5M | $428.0M | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 400.0M shares | 400.0M shares | ||
| Common stock, shares issued (in shares) | 22.2M shares | 8.7M shares | ||
| Common stock, shares outstanding (in shares) | 22.2M shares | 8.7M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$94.4M | -$119.9M |
| Depreciation | $19.9M | $15.3M |
| Amortization | $3.3M | $3.6M |
| Stock-based compensation expense, net of amounts capitalized | $5.2M | $3.3M |
| Allowance for expected credit losses | $17.0K | -$103.0K |
| Inventory allowance | -$12.0K | $498.0K |
| Loss on disposal of property and equipment | $264.0K | $1.7M |
| Change in fair value of warrant liability | $3.4M | -$811.0K |
| Paid-in-kind interest | $30.9M | $50.3M |
| Amortization of debt premium | -$5.7M | $0 |
| Amortization of debt issuance costs | $2.2M | $8.4M |
| Write-off of financing fees | $0 | $1.2M |
| Interest expense on financing obligation | $601.0K | $682.0K |
| Intangibles impairment | $3.7M | $0 |
| Accounts receivable | $62.0K | $899.0K |
| Inventory | -$593.0K | -$3.1M |
| Prepaid expenses and other current assets | $412.0K | $544.0K |
| Other assets | $101.0K | -$28.0K |
| Accounts payable | $1.5M | $6.6M |
| Operating lease liabilities | -$3.0K | -$25.0K |
| Finance lease liabilities | $63.0K | $37.0K |
| Accrued liabilities | -$1.3M | $3.8M |
| Net cash used in operating activities | -$30.3M | -$27.1M |
| Purchases of property and equipment | -$11.6M | -$82.5M |
| Net cash used in investing activities | -$11.6M | -$82.5M |
| Proceeds from financing obligation | $1.6M | $0 |
| Proceeds from issuance of Series A preferred stock, net of issuance costs | $20.9M | $0 |
| Proceeds from issuance of common stock, net of issuance costs | $3.5M | $0 |
| Proceeds from issuance of debt, net of issuance costs | $10.5M | $100.1M |
| Proceeds from issuance of convertible note, net of debt issuance costs | $9.9M | $0 |
| Payment of minimum employee taxes withheld upon net share settlement of restricted stock units | -$1.2M | $0 |
| Principal payment on finance lease liabilities | -$51.0K | -$27.0K |
| Net cash provided by financing activities | $45.2M | $100.1M |
| Net increase (decrease) in cash and cash equivalents and restricted cash | $3.3M | -$9.4M |
| Cash paid for interest | $4.0M | $5.5M |
| Conversion of Series A Preferred Stock to common stock | $21.4M | $0 |
| Accrued interest capitalized to debt | $30.7M | $50.3M |
| Purchases of property and equipment included in accounts payable and accrued liabilities | $5.3M | $7.2M |
| Non-cash transfer from property and equipment, net to other assets | $0 | $1.2M |
| Stock-based compensation capitalized to property and equipment, net | $352.0K | $781.0K |
| Non-cash equity settlement on employee receivable | $163.0K | $0 |
No quarter-by-quarter statement was filed.
Corporate structure
Local Bounti Corporation/DE sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Local Bounti Corporation/DE
- Live Oak Ventures, LLC Filed SCHEDULE 13D/A on Local Bounti Corporation/DE, latest Aug 10, 2026 (9 filings since Dec 1, 2021)
- Wheat Wind Farms, LLC Filed SCHEDULE 13D/A on Local Bounti Corporation/DE, latest Jul 2, 2026 (8 filings since Dec 3, 2021)
- FMR LLC Filed SC 13G/A on Local Bounti Corporation/DE, latest Feb 9, 2024 (3 filings since Feb 9, 2022)
- Leo Investors III LP Filed SC 13G/A on Local Bounti Corporation/DE, latest Jan 26, 2024 (2 filings since Feb 11, 2022)
- McLeod Management Co., LLC Filed SC 13D/A on Local Bounti Corporation/DE, latest Nov 8, 2023 (6 filings since Dec 8, 2021)
- CITADEL ADVISORS LLC Filed SC 13G/A on Local Bounti Corporation/DE, latest Feb 14, 2022
- INTEGRATED CORE STRATEGIES (US) LLC Filed SC 13G/A on Local Bounti Corporation/DE, latest Feb 9, 2022
- Lawrence Feis Filed SC 13G/A on Local Bounti Corporation/DE, latest Nov 22, 2021 (2 filings since Nov 9, 2021)
- Local Bounti Corporation/DE Hamilton, Montana
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Local Bounti Corporation/DE reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Accumulated depreciation | $48.0M4 Dec 31, 2025 | $28.6M4 Dec 31, 2024 | +68.1% |
| Property and equipment, net | $357.4M4 Dec 31, 2025 | $371.0M4 Dec 31, 2024 | −3.7% |
| Finance-lease assets | $214.0K4 Dec 31, 2025 | $277.0K4 Dec 31, 2024 | −22.7% |
| Operating-lease assets (leased space) | $47.0K4 Dec 31, 2025 | $73.0K4 Dec 31, 2024 | −35.6% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $4.2M4 Dec 31, 2025 | $937.0K4 Dec 31, 2024 | +351.8% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | $30.8M4 Dec 31, 2025 | $37.8M4 Dec 31, 2024 | −18.5% |
| Finite-lived intangibles, gross | $40.2M4 Dec 31, 2025 | $47.6M4 Dec 31, 2024 | −15.5% |
| Accumulated amortization | $9.4M4 Dec 31, 2025 | $9.8M4 Dec 31, 2024 | −4.0% |
| Finite-lived intangibles, net | $30.8M4 Dec 31, 2025 | $37.8M4 Dec 31, 2024 | −18.5% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $7.4M4 Dec 31, 2025 | $6.8M4 Dec 31, 2024 | +8.9% |
| Raw materials | $2.7M4 Dec 31, 2025 | $2.3M4 Dec 31, 2024 | +14.3% |
| Work in process | $5.7M4 Dec 31, 2025 | $5.5M4 Dec 31, 2024 | +2.5% |
| Finished goods | $317.0K4 Dec 31, 2025 | $202.0K4 Dec 31, 2024 | +56.9% |
Properties, in its own words
Our principal executive offices are located in Hamilton, Montana. In addition, we have CEA facilities in Washington, California, Georgia, and Texas. The table below sets forth certain information regarding these properties as of December 31, 2025:
Facility Type/Use · Location · Owned/Leased* · Size (sq. ft.)
The rest of Item 2
Montana Headquarters · Hamilton, MT · Leased · 93,544
Vacant Land for Future Production Facility · Hamilton, MT · Owned · 874,685
Carpinteria Production Facility · Carpinteria, CA · Leased · 558,000
Oxnard Production Facility · Oxnard, CA · Leased · 663,000
Georgia Production Facility · Byron, GA · Owned · 347,269
Texas Production Facility · Mount Pleasant, TX · Owned · 459,158
Washington Production Facility · Pasco, WA · Owned · 244,101
*Owned facilities are subject to a first-priority lien under the Credit Agreement with Cargill Financial.
We believe our facilities are adequate and suitable for our current needs. If necessary, suitable additional or alternative space will be available to accommodate our operations.
Item 2 of the 10-K filed Mar 27, 2026.3
Leadership
Who has led Local Bounti Corporation/DE, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
2025
- Chief executive officerKathleen Valiasek Apr 3, 2025 to now11
- Chief executive officerAnna M. Fabrega Jun 7, 2023 to Nov 2, 202312
- Chief executive officerCraig M. Hurlbert Nov 23, 2021 to Feb 4, 202513
- Chief executive officerTravis M. Joyner Nov 23, 2021 to Dec 23, 202214
- ChairCraig M. Hurlbert Jun 13, 2025 to now15
- PresidentKathleen Valiasek Jun 26, 2024 to now16
- PresidentBrian C. Cook Apr 6, 2022 to May 3, 202317
- Chief financial officerAnthony Hughes Dec 19, 2025 to now18
- Chief financial officerRobert Darwent Feb 25, 2021 to Feb 25, 202119
- Chief financial officerKathleen Valiasek Nov 23, 2021 to Dec 19, 202520
- Chief operating officerMark Alan McKinney Nov 23, 2021 to Sep 7, 202221
Board members and other officers (17)
- Chief Commercial OfficerDane Almassy Aug 29, 2025 to now22
- SVP of StrategyCraig M. Hurlbert Aug 22, 2023 to Nov 22, 202323
- Chief Technology OfficerTravis M. Joyner Nov 1, 2023 to Dec 23, 202424
- Chief Innovation OfficerB. David Vosburg Nov 23, 2021 to Nov 9, 202325
- Chief Sustainability OfficerGary Hilberg Nov 23, 2021 to May 3, 202226
- Board memberJennifer Carr-Smith May 19, 2023 to Jan 24, 202527
- Board memberEdward C. Forst Feb 25, 2021 to Jun 14, 202428
- Board memberLori H. Bush Feb 25, 2021 to Feb 25, 202129
- Board memberMary Minnick Feb 25, 2021 to Feb 25, 202130
- Board memberRobert Darwent Feb 25, 2021 to Feb 25, 202119
- Board memberMark Masinter Feb 26, 2021 to Feb 26, 202131
- Board memberCraig M. Hurlbert Nov 23, 2021 to Feb 4, 202513
- Board memberMark Joseph Nelson Nov 23, 2021 to now32
- Board memberMatthew Nordby Nov 23, 2021 to now33
- Board memberPamela Brewster Nov 23, 2021 to now34
- Board memberTravis M. Joyner Nov 23, 2021 to Dec 23, 202414
- General counselMargaret McCandless Apr 6, 2022 to now35
Named in SEC Form D filings
People the company listed in its private-offering notices.
Former names
- Leo Holdings III Corp.Jan 21, 2021 to Nov 22, 20212
Timeline
- Aug 12, 20268-K Results of operations37
- Aug 7, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares38
- Jun 18, 20268-K Executive or director change39
- Jun 12, 20268-K Shareholder vote40
- May 15, 20268-K Executive or director change41
- May 13, 20268-K Results of operations42
- Mar 25, 20268-K Results of operations43
- Mar 16, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares44
- Feb 11, 20268-K Listing notice or transfer; Regulation FD disclosure45
- Dec 9, 20258-K Executive or director change46
- Nov 12, 20258-K Results of operations47
- Oct 17, 20258-K Shareholder vote48
- Apr 3, 2025New chief executive Kathleen Valiasek becomes CEO11
- Jun 7, 2023New chief executive Anna M. Fabrega becomes CEO12
- Nov 23, 2021New chief executive Travis M. Joyner becomes CEO14
- Nov 23, 2021New chief executive Craig M. Hurlbert becomes CEO13
Calendar
Coming up
- Nov 11, 2026Reports results for the quarter ending Sep/202649
When it reported results
- Aug 12, 2026Reported quarterly or annual results37
- May 13, 2026Reported quarterly or annual results42
- Mar 25, 2026Reported quarterly or annual results43
- Nov 12, 2025Reported quarterly or annual results47
- Aug 13, 2025Reported quarterly or annual results50
- May 14, 2025Reported quarterly or annual results51
- Mar 31, 2025Reported quarterly or annual results52
- Nov 14, 2024Reported quarterly or annual results53
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
563 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 63 major events, 209 insider forms, 32 large holders, 2 private raises, 236 other. The latest 20:
- Oct 6, 20264 EDGAR
- Sep 21, 2026DEFA14A EDGAR
- Sep 21, 2026DEF 14A EDGAR
- Sep 10, 2026PRE 14A EDGAR
- Aug 12, 202610-Q EDGAR
- Aug 12, 20268-K EDGAR
- Aug 10, 2026SCHEDULE 13D/A EDGAR
- Aug 10, 20264 EDGAR
- Aug 7, 20268-K EDGAR
- Jul 2, 2026SCHEDULE 13D/A EDGAR
- Jul 2, 20264 EDGAR
- Jun 18, 20268-K EDGAR
- Jun 12, 20264 EDGAR
- Jun 12, 20264 EDGAR
- Jun 12, 20264 EDGAR
- Jun 12, 20268-K EDGAR
- Jun 12, 20264 EDGAR
- Jun 12, 20264 EDGAR
- May 21, 2026EFFECT EDGAR
- May 21, 2026424B3 EDGAR
The 563 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
112 open-market trades by officers, directors and large owners since October 2021: 46 buys and 66 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jul 2, 2026 | VALIASEK KATHLEENPresident and CEO | Sale | 118,720 | $1.30 | $154.3K | Form 4 |
| Apr 1, 2026 | Hurlbert Craig M.Executive Chairman | Sale | 100,000 | $1.16 | $116.0K | Form 4 |
| Apr 1, 2026 | VALIASEK KATHLEENPresident and CEO | Sale | 200,000 | $1.16 | $232.0K | Form 4 |
| Jan 7, 2026 | Nordby MatthewDirector | Sale | 1,000 | $2.22 | $2.2K | Form 4 |
| Dec 31, 2025 | Nordby MatthewDirector | Sale | 1,000 | $2.14 | $2.1K | Form 4 |
| Dec 24, 2025 | Nordby MatthewDirector | Sale | 1,000 | $2.19 | $2.2K | Form 4 |
| Dec 17, 2025 | Nordby MatthewDirector | Sale | 1,000 | $2.42 | $2.4K | Form 4 |
| Dec 10, 2025 | Nordby MatthewDirector | Sale | 1,000 | $2.55 | $2.5K | Form 4 |
| Dec 3, 2025 | Nordby MatthewDirector | Sale | 1,000 | $2.38 | $2.4K | Form 4 |
| Nov 26, 2025 | Nordby MatthewDirector | Sale | 1,000 | $2.38 | $2.4K | Form 4 |
| Nov 19, 2025 | Nordby MatthewDirector | Sale | 1,000 | $2.39 | $2.4K | Form 4 |
| Mar 31, 2025 | Schwab Charles R.10% owner | Buy | 1,700,723 | $2.00 | $3.4M | Form 4 |
| Mar 31, 2025 | SCHWAB CHARLES R JR.Director | Buy | 70,863 | $2.00 | $141.7K | Form 4 |
| Dec 20, 2024 | Joyner Travis M.Chief Technology Officer | Buy | 500 | $1.86 | $930 | Form 4 |
| Dec 19, 2024 | Joyner Travis M.Chief Technology Officer | Buy | 2,850 | $1.79 | $5.1K | Form 4 |
| Dec 19, 2024 | Hurlbert Craig M.Executive Chairman | Buy | 3,250 | $1.81 | $5.9K | Form 4 |
| Dec 19, 2024 | VALIASEK KATHLEENPresident and CEO | Buy | 1,350 | $1.79 | $2.4K | Form 4 |
| Dec 18, 2024 | VALIASEK KATHLEENPresident and CEO | Buy | 600 | $2.01 | $1.2K | Form 4 |
| Dec 17, 2024 | Carr-Smith JenniferDirector | Sale | 21,237 | $1.48 | $31.4K | Form 4 |
| Dec 17, 2024 | VALIASEK KATHLEENPresident and CEO | Buy | 300 | $2.20 | $660 | Form 4 |
All 112 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Live Oak Ventures, LLCSCHEDULE 13D/A, 9 filings Dec 1, 2021 to Aug 10, 202654
- Wheat Wind Farms, LLCSCHEDULE 13D/A, 8 filings Dec 3, 2021 to Jul 2, 202655
- FMR LLCSC 13G/A, 3 filings Feb 9, 2022 to Feb 9, 202456
- Leo Investors III LPSC 13G/A, 2 filings Feb 11, 2022 to Jan 26, 202457
- McLeod Management Co., LLCSC 13D/A, 6 filings Dec 8, 2021 to Nov 8, 202358
- CITADEL ADVISORS LLCSC 13G/A, 1 filing Feb 14, 202259
- INTEGRATED CORE STRATEGIES (US) LLCSC 13G/A, 1 filing Feb 9, 202260
- Lawrence FeisSC 13G/A, 2 filings Nov 9, 2021 to Nov 22, 202161
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $40.3M
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2025 | $25.0M | $25.0M |
| 2022 | $15.3M | $15.3M |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Local Bounti Corporation/DE is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARLocal Bounti Corporation/DE1
- CIK0001840780
- Employer ID (EIN)83-36860553
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company3
- Incorporated inDelaware3
- Fiscal year endsDecember 311
- Industry code (SIC)0100 Agricultural Production-Crops1
- SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
- Business address490 Foley Lane, Hamilton, MT 598401
- Phone800-640-40161
- Shares outstanding23,380,119 as of Aug 7, 202610
- Public float$42.8M as of Jun 30, 20253
- AuditorWithumSmith+Brown, PC, Whippany, New Jersey PCAOB ID 100; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceJan 21, 20211
- Filings607 in all: 4 (186), 144 (105), 8-K (65), 424B3 (37), 3 (25), 425 (24), 10-Q (17), CORRESP (14)1
All 41 form types
EFFECT (12), UPLOAD (11), SC 13D/A (10), DEFA14A (9), SC 13G/A (9), DEF 14A (8), S-8 (7), PRE 14A (6), SC 13G (6), SCHEDULE 13D/A (6), 10-K (5), S-3 (5), 4/A (4), ARS (4), S-1 (4), S-1/A (4), S-4/A (3), 25-NSE (2), 8-K/A (2), D (2), POS AM (2), SC 13D (2), 10-Q/A (1), 424B4 (1), 5 (1), 8-A12B (1), CERT (1), DEL AM (1), NT 10-Q (1), S-1MEF (1), S-3/A (1), S-4 (1), SCHEDULE 13D (1)
- Latest filingsAnnual report (10-K) Mar 27, 2026
Quarterly report (10-Q) Aug 12, 2026
Proxy statement (DEF 14A) Sep 21, 2026
Latest 8-K (8-K) Aug 12, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value of $0.0001 per share | LOCL | New York Stock Exchange |
From the cover page of the 10-K filed Mar 27, 2026 (Section 12(b) of the Exchange Act).3
Risk factors and legal proceedings
The risks Local Bounti Corporation/DE names in Item 1A of its 10-K filed Mar 27, 2026: 57 risks under these headings, as written.3
- Risks Related to Local Bounti's Business
- Local Bounti has a history of losses and expects to incur significant expenses and continuing losses for the foreseeable future. Local Bounti’s ability to generate revenue is uncertain given Local Bounti's limited operating history. Local Bounti may never achieve or sustain profitability. Local Bounti's business could be adversely affected if it fails to effectively manage its future growth.
- Local Bounti will require additional financing to achieve its goals, and a failure to obtain this necessary capital when needed on acceptable terms, or at all, may force Local Bounti to delay, limit, reduce or terminate its operations and future growth. If we are unable to secure additional financing in the future, we will not be able to continue as a going concern. If additional financing is available, financing terms may lead to significant dilution of our stockholders’ deficit.
- Local Bounti currently relies on a limited number of facilities for its operations.
- The build-out of new facilities and retrofitting of acquired facilities will require significant expenditures for capital improvements and operating expenses and may be subject to delays in construction and unexpected costs due to governmental approvals and permitting requirements, reliance on third parties for construction, delays relating to material delivery and supply chains, and fluctuating material prices.
- Local Bounti's ability to decrease its cost of goods sold over time is dependent on its ability to scale its operations and Local Bounti may not be able to achieve such decreases due to factors outside of its control such as inflation or global supply chain interruptions.
- Any damage to or problems with Local Bounti's CEA facilities could severely impact Local Bounti's operations and financial condition.
- There can be no assurance that future acquisitions, investments or expansions of scope of existing relationships will have a beneficial impact on Local Bounti's business, financial condition and results of operations.
- Local Bounti may acquire additional greenhouses or other indoor farming operations, which may divert our management's attention and result in additional dilution to our stockholders. We may be unable to integrate additional acquired businesses and technologies successfully or achieve the expected benefits of such acquisitions.
- Local Bounti depends on employing a skilled local labor force, and failure to attract and retain qualified employees could negatively impact its business, results of operations and financial condition.
- If Local Bounti fails to develop and maintain its brand, its business could suffer.
- Local Bounti's estimates of market opportunity and forecasts of market growth may prove to be inaccurate, and even if the market in which it competes achieves the forecasted growth, Local Bounti's business could fail to grow at similar rates, if at all.
The other 46 risks
- If Local Bounti cannot maintain its company culture or focus on its vision as it grows, Local Bounti's business and competitive position may be harmed.
- Local Bounti may be unable to successfully execute on its growth strategy.
- Expansion of Loose-Leaf Lettuce Product Portfolio.
- Expansion into Additional Markets and Verticals.
- Local Bounti's operating costs to grow and sell its products may be higher than expected, which could impact its results and financial condition.
- If Local Bounti's estimates or judgments relating to its critical accounting policies prove to be incorrect, its results of operations could be adversely affected.
- If Local Bounti fails to continue to maintain an effective system of internal control over financial reporting, it may not be able to accurately report its financial results in a timely manner, which may adversely affect investor confidence in Local Bounti.
- Risks Related to the Natural Food Market
- Local Bounti faces risks inherent in the CEA business, including the risks of diseases and pests.
- Local Bounti may not be able to compete successfully in the highly competitive natural food market.
- Local Bounti's ability to generate and grow revenue is dependent on its ability to increase the yield in each of the anticipated product lines it intends to grow. If Local Bounti is unable to increase the yield in each or most of these product lines, Local Bounti's project revenue targets may not be achieved on currently anticipated timelines or at all.
- Risks Related to Local Bounti's Term Loan Facility
- Risks Related to Local Bounti's Technology, Intellectual Property and Infrastructure
- Local Bounti may need to defend itself against intellectual property infringement claims, which may be time-consuming and could cause Local Bounti to incur substantial costs.
- The loss of, or failure to achieve, any registered patent, trademark, or other intellectual property rights could enable other companies to compete more effectively with Local Bounti.
- Local Bounti relies on information technology systems and any inadequacy, failure, interruption or security breaches of those systems may harm its ability to effectively operate its business.
- Local Bounti’s use of artificial intelligence presents risks and challenges that could adversely affect its business.
- Risks Related to our Customers
- Local Bounti could be adversely affected by a change in consumer preferences, perception and spending habits in the food industry, and failure to develop and expand its product offerings or gain market acceptance of its products could have a negative effect on Local Bounti's business.
- Demand for lettuce, herbs, and other produce is subject to seasonal fluctuations and may adversely impact Local Bounti's results of operations in certain quarters.
- As Local Bounti grows its sales into the retail channel and increase sales through individual retailers, the loss or significant reductions in orders from Local Bounti's top retail customers could have a material adverse impact on its business.
- Risks Related to Legal Matters and Regulations
- Local Bounti may be subject to litigation and government inquiries and investigations involving its business, the outcome of which is unpredictable, and an adverse decision in any such matter could have a material effect on Local Bounti's financial position and results of operations.
- Local Bounti's business involves significant risks and uncertainties that may not be covered by indemnity or insurance.
- Local Bounti's future operations could expose it to the risk of material environmental and regulatory liabilities, including unforeseen costs associated with compliance and remediation efforts, and government and third-party claims, which could have a material adverse effect on Local Bounti's reputation, results of operations and cash flows.
- Political issues and considerations, including tariffs, could have a significant effect on Local Bounti's business.
- Changes in global trade policy could adversely affect our business.
- Product contamination, food-safety and foodborne-illness incidents or advertising or product mislabeling may materially adversely affect Local Bounti's business by exposing Local Bounti to lawsuits, product recalls, or regulatory enforcement actions, increasing Local Bounti's operating costs and reducing demand for its product offerings.
- Local Bounti's brand and reputation may be diminished due to real or perceived quality or food-safety issues with its products, which could negatively impact Local Bounti's business, reputation, operating results and financial condition.
- Local Bounti's operations are subject to regulation by the USDA, the FDA and other federal, state and local regulation, and while Local Bounti intends to comply with all such applicable regulations, there is no assurance that Local Bounti will be in compliance with all such regulations.
- Failure by any suppliers of raw materials to comply with food safety, environmental or other laws and regulations, or with the specifications and requirements of Local Bounti's products, may disrupt Local Bounti's supply of products and adversely affect its business.
- Climate change, or legal, regulatory, or market measures to address climate change, may negatively affect our business and operations.
- The unavailability, reduction or elimination of government and economic incentives could negatively impact Local Bounti's business, prospects, financial condition and operating results.
- Risks Relating to Ownership of Our Securities
- The price of our securities may be volatile or may decline regardless of our operating performance.
- U.S. Bounti, LLC ("U.S. Bounti"), following conversion of our Series A Preferred Stock, controls the direction of our business and the concentrated ownership of our common stock may prevent other stockholders from influencing significant decisions.
- Although we do not expect to rely on the "controlled company" exemption, we qualify as a "controlled company" within the meaning of the NYSE rules, and we qualify for exemptions from certain corporate governance requirements.
- Local Bounti has never paid cash dividends on our capital stock and does not anticipate paying dividends in the foreseeable future.
- Anti-takeover provisions contained in our Certificate of Incorporation and Bylaws and applicable laws could impair a takeover attempt.
- Local Bounti is subject to risks related to taxation in the United States.
- Changes to applicable tax laws and regulations or exposure to additional income tax liabilities could affect Local Bounti's business and future profitability.
- As a result of plans to expand Local Bounti's business operations, including to jurisdictions in which tax laws may not be favorable, its obligations may change or fluctuate, become significantly more complex or become subject to greater risk of examination by taxing authorities, any of which could adversely affect Local Bounti's after-tax profitability and financial results.
- Local Bounti's ability to use its NOL carryforwards to offset future taxable income may be subject to certain limitations.
- One of Local Bounti's most significant assets is its direct and indirect interests in its subsidiaries and, accordingly, Local Bounti is dependent upon distributions from its subsidiaries to pay taxes and cover its corporate and other overhead expenses and pay dividends, if any, on the common stock.
- There is no guarantee that the 2021 warrants will be in the money at the time they become exercisable, and they may expire worthless.
- We may amend the terms of the 2021 warrants in a manner that may be adverse to holders of 2021 warrants with the approval by the holders of at least 50% of the then-outstanding 2021 warrants. As a result, the exercise price of the 2021 warrants could be increased, the exercise period could be shortened and the number of shares of common stock purchasable upon exercise of a public warrant could be decreased, all without a holder's approval.
- We may redeem unexpired warrants prior to their exercise at a time that is disadvantageous to warrant holders, thereby making their warrants worthless.
- We may issue a substantial number of additional shares of common stock under an employee incentive plan. Any such issuances would dilute the interest of our stockholders and likely present other risks.
- Our failure to meet the NYSE's continued listing requirements could result in the suspension of trading of our common stock and a subsequent delisting of our common stock.
- Future sales of shares by existing stockholders and future exercise of registration rights may adversely affect the market price of our common stock.
- If securities or industry analysts do not publish or cease publishing research or reports about Local Bounti, its business or its market, or if they change their recommendations regarding the common stock adversely, the price and trading volume of the common stock could decline.
- The Jumpstart Our Business Startups Act of 2012 (the "JOBS Act") permits "emerging growth companies" like us to take advantage of certain exemptions from various reporting requirements applicable to other public companies that are not emerging growth companies, and as a result, investors may find our common stock less attractive, there may be a less active trading market for the common stock, and our share price may be more volatile.
Legal proceedings
From time to time, we may be subject to legal proceedings and claims in the ordinary course of business. We are not presently a party to any legal proceedings that, if determined adversely to us, would individually or taken together have a material adverse effect on our business, results of operations, financial condition, or cash flows. We have received, and may in the future continue to receive, claims from third parties asserting, among other things, infringement of their intellectual property rights. Future litigation may be necessary to defend ourselves, our partners, and our customers by determining the scope, enforceability, and validity of third-party proprietary rights or to establish our proprietary rights. The results of any current or future litigation cannot be predicted with certainty, and regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of management resources, and other factors.
The opening of Item 3, Legal Proceedings.3
Sources
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- 15SEC EDGARCraig M. Hurlbert, Chair
- 16SEC EDGARKathleen Valiasek, President
- 17SEC EDGARBrian C. Cook, President
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- 23SEC EDGARCraig M. Hurlbert, SVP of Strategy
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- 27SEC EDGARJennifer Carr-Smith, Board member
- 28SEC EDGAREdward C. Forst, Board member
- 29SEC EDGARLori H. Bush, Board member
- 30SEC EDGARMary Minnick, Board member
- 31SEC EDGARMark Masinter, Board member
- 32SEC EDGARMark Joseph Nelson, Board member
- 33SEC EDGARMatthew Nordby, Board member
- 34SEC EDGARPamela Brewster, Board member
- 35SEC EDGARMargaret McCandless, General counsel
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- 37SEC EDGARResults of operations
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- 39SEC EDGARExecutive or director change
- 40SEC EDGARShareholder vote
- 41SEC EDGARExecutive or director change
- 42SEC EDGARResults of operations
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- 46SEC EDGARExecutive or director change
- 47SEC EDGARResults of operations
- 48SEC EDGARShareholder vote
- 49NasdaqNasdaq calendar
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