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LOCL 424B3: Secondary offering

Local Bounti Corporation

Filed with the SEC on · accession 0001193125-26-234436

LOCL filed a 424B3 (prospectus (offering)) with the SEC on May 21, 2026. Local Bounti Corporation filed a prospectus for the resale of up to 8,105,102 shares of common stock issuable upon conversion of a convertible note and up to 5,500,000 shares issuable upon exercise of a common stock purchase warrant held by a selling stockholder. The stock moved +0.5% by the first close after the filing.

Summary of the filing

Local Bounti Corporation filed a prospectus for the resale of up to 8,105,102 shares of common stock issuable upon conversion of a convertible note and up to 5,500,000 shares issuable upon exercise of a common stock purchase warrant held by a selling stockholder. The company will not receive any proceeds from the resale.

For details, click here →How to read a 424B3 →

Key details

Initial principal balance of convertible note$15.0M
Maximum shares issuable upon conversion (including PIK interest)$8.1M
Shares issuable upon exercise of warrant$5.5M
Initial conversion price per share$3
IssuerLocal Bounti Corporation

How LOCL stock reacted

Close before

$1.91

May 20, 2026

First close after

+0.52%

$1.92

5 trading days

-3.66%

$1.84

Since filing

-52.81%

$0.90

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Frequently asked questions

What did LOCL file with the SEC on May 21, 2026?

LOCL filed a 424B3 (Secondary offering). Local Bounti Corporation filed a prospectus for the resale of up to 8,105,102 shares of common stock issuable upon conversion of a convertible note and up to 5,500,000 shares issuable upon exercise of a common stock purchase warrant held by a selling stockholder. The company will not receive any proceeds from the resale.

What does a secondary offering mean for LOCL stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B3?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B3 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did LOCL stock react to this filing?

LOCL closed at $1.91 before the filing and $1.92 on May 21, 2026 (+0.52%). Five trading days later: $1.84 (-3.66%).

Other LOCL SEC filings

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