Local Bounti Corporation/DE
For the period ended May 13, 2026. Filed May 13, 2026.
View on SEC.govAbout this filing
A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
May 13, 2026 · Filed May 13, 2026
Use the contents to explore the available documents and sections.
LOCL$0.87-3.9%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (in thousands, except share and per share data)
(in thousands, except share and per share data)
| March 31, | December 31, | |
|---|---|---|
| 2026 | 2025 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $12,254 | $4,233 |
| Restricted cash | 6,517 | 6,486 |
| Accounts receivable, net | 2,865 | 2,203 |
| Inventory, net | 7,193 | 7,419 |
| Prepaid expenses and other current assets | 1,363 | 1,686 |
| Total current assets | 30,192 | 22,027 |
| Property and equipment, net | 353,436 | 357,427 |
| Finance lease right-of-use assets, net | 351 | 214 |
| Operating lease right-of-use assets, net | 39 | 47 |
| Intangible assets, net | 30,150 | 30,778 |
| Total assets | $414,168 | $410,493 |
| Liabilities and stockholders' deficit | ||
| Current liabilities | ||
| Accounts payable | $14,378 | $11,782 |
| Accrued liabilities | 3,596 | 3,653 |
| Short-term debt | — | — |
| Financing obligation | 556 | 762 |
| Operating lease liabilities | 32 | 32 |
| Finance lease liabilities | 103 | 81 |
| Total current liabilities | 18,665 | 16,310 |
| Long-term debt | ||
| Principal amount | 328,000 | 312,250 |
| Plus: Debt premium, net of amortization | 170,309 | 172,368 |
| Less: Debt discount, net of amortization | (7,501) | (1,498) |
| Long-term debt, net | 490,808 | 483,120 |
| Accrued interest, noncurrent | 19,010 | 14,515 |
| Financing obligation, noncurrent | 51,381 | 51,342 |
| Operating lease liabilities, noncurrent | 17 | 25 |
| Finance lease liabilities, noncurrent | 271 | 155 |
| Warrant liabilities | 12,037 | 11,262 |
| Total liabilities | 592,189 | 576,729 |
| Commitments and contingencies | ||
| Stockholders' deficit | ||
| Common stock, $0.0001 par value, 400,000,000 shares authorized, 22,751,295 and 22,223,800 issued and outstanding as of March 31, 2026 and December 31, 2025, respectively | 2 | 2 |
| Additional paid-in capital | 352,304 | 351,371 |
| Accumulated deficit | (530,327) | (517,609) |
| Total stockholders' deficit | (178,021) | (166,236) |
| Total liabilities and stockholders' deficit | $414,168 | $410,493 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.