Local Bounti Corporation/DE
For the period ended Dec 31, 2025. Filed Mar 27, 2026.
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FY2025 · Filed Mar 27, 2026
LOCL$0.80-7.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets at and
(in thousands, except share and per share data)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $4,233 | $937 |
| Restricted cash | 6,486 | 6,529 |
| Accounts receivable, net | 2,203 | 2,282 |
| Inventory, net | 7,419 | 6,814 |
| Prepaid expenses and other current assets | 1,686 | 2,261 |
| Total current assets | 22,027 | 18,823 |
| Property and equipment, net | 357,427 | 370,978 |
| Finance lease right-of-use assets, net | 214 | 277 |
| Operating lease right-of-use assets, net | 47 | 73 |
| Intangible assets, net | 30,778 | 37,783 |
| Other assets | — | 101 |
| Total assets | $410,493 | $428,035 |
| Liabilities and stockholders' deficit | ||
| Current liabilities | ||
| Accounts payable | $11,782 | $16,987 |
| Accrued liabilities | 3,653 | 18,082 |
| Short-term debt | — | 20,205 |
| Financing obligation | 762 | 51 |
| Operating lease liabilities | 32 | 30 |
| Finance lease liabilities | 81 | 81 |
| Total current liabilities | 16,310 | 55,436 |
| Long-term debt | ||
| Principal amount | 312,250 | 447,718 |
| Plus: Debt premium, net of amortization | 172,368 | — |
| Less: Debt discount, net of amortization | (1,498) | — |
| Less: Unamortized deferred financing costs | — | (31,141) |
| Long-term debt, net | 483,120 | 416,577 |
| Accrued interest, noncurrent | 14,515 | — |
| Financing obligation, noncurrent | 51,342 | 49,856 |
| Operating lease liabilities, noncurrent | 25 | 57 |
| Finance lease liabilities, noncurrent | 155 | 206 |
| Warrant liabilities | 11,262 | 6,403 |
| Total liabilities | 576,729 | 528,535 |
| Commitments and contingencies (Note 16) | ||
| Stockholders' deficit | ||
| 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 | 1 |
| Additional paid-in capital | 351,371 | 322,729 |
| Accumulated deficit | (517,609) | (423,230) |
| Total stockholders' deficit | (166,236) | (100,500) |
| Total liabilities and stockholders' deficit | $410,493 | $428,035 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.