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Local Bounti (LOCL) investor relations material
Local Bounti Registration Filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Company overview and business model
Operates as a controlled environment agriculture (CEA) company producing sustainably grown produce, primarily living lettuce, herbs, salad kits, and loose leaf lettuce using patented Stack & Flow Technology®.
Employs a hybrid vertical and greenhouse farming approach to optimize efficiency, reduce water and land use, and minimize pesticides compared to traditional agriculture.
Distributes products to about 13,000 retail locations in 35 states, with major customers including Albertsons, Sam's Club, Kroger, Target, Walmart, Whole Foods, and AmazonFresh.
Expanded through acquisition (notably Pete's in 2022) and new facility construction, reaching six facilities by 2024.
Holds a leading 80% share of the CEA living butter lettuce market in the Western U.S. and continues to expand product offerings and geographic reach.
Financial performance and metrics
As of September 30, 2025, 22,124,733 shares of common stock were outstanding; post-offering, up to 28,027,635 shares could be outstanding if all convertible notes and warrants are exercised.
The convertible note issued in August 2025 has a $10 million principal, 6% annual interest, and a five-year term, convertible at $2.50 per share.
The common stock purchase warrant allows for the purchase of up to 550,000 shares at $0.125 per share, exercisable for ten years.
Use of proceeds and capital allocation
Will not receive proceeds from the resale of shares by the selling stockholder.
May receive up to $68,750 if the warrant is exercised for cash; such proceeds will be used for working capital and general corporate purposes.
Next Local Bounti earnings date
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