Local Bounti Corporation/DE

For the period ended Aug 12, 2026. Filed Aug 12, 2026.

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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.

Aug 12, 2026 · Filed Aug 12, 2026

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LOCL$0.87-3.9%Stored close · as of Nov 6, 2026

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Contents

EX-99.1 · (in thousands, except per share data)

(in thousands, except per share data)

	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Sales	$13,850	$12,103	$27,187	$23,708
Cost of goods sold(1)(2)	12,804	10,631	24,607	20,775
Gross profit	1,046	1,472	2,580	2,933
Operating expenses:
Research and development(1)(2)	4,577	6,485	10,292	13,462
Sales and marketing(1)	2,876	2,392	5,120	4,506
General and administrative(1)(2)	7,541	8,045	15,050	16,149
Total operating expenses	14,994	16,922	30,462	34,117
Loss from operations	(13,948)	(15,450)	(27,882)	(31,184)
Other income (expense):
Change in fair value of warrant liabilities	(1,387)	(1,499)	3,856	(5,009)
Interest expense, net	(4,486)	(4,602)	(8,520)	(23,440)
Other income (expense), net	—	(26)	7	381
Net loss	(19,821)	(21,577)	(32,539)	(59,252)
Less: Deemed dividend to preferred stockholders	—	—	—	403
Net loss attributable to common stockholders	$(19,821)	$(21,577)	$(32,539)	$(59,655)
Net loss applicable to common stockholders per common share:
Basic and diluted	$(0.68)	$(1.63)	$(1.22)	$(5.40)
Weighted average common shares outstanding:
Basic and diluted	29,070,934	13,270,197	26,697,567	11,051,720

(1)Amounts include stock-based compensation as follows:

	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Cost of goods sold	$23	$75	$44	$86
Research and development	23	145	51	161
Sales and marketing	43	245	86	282
General and administrative	906	1,795	1,807	2,321
Total stock-based compensation expense, net of amounts capitalized	$995	$2,260	$1,988	$2,850

(2)Amounts include depreciation and amortization as follows:

	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Cost of goods sold	$2,667	$2,050	$4,933	$3,963
Research and development	1,913	2,529	4,271	5,215
General and administrative	991	1,277	1,996	2,558
Total depreciation and amortization	$5,571	$5,856	$11,200	$11,736

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