{"filing":{"accession_number":"0001628280-26-054899","cik":"0001840780","ticker":"LOCLW","company_name":"Local Bounti Corporation/DE","form":"8-K","filing_date":"2026-08-07","report_date":"2026-08-07","primary_document":"locl-20260807.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1840780/000162828026054899/locl-20260807.htm"},"events":[{"id":25115,"run_id":22786,"accession_number":"0001628280-26-054899","anchor_item_number":"2.03","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"summary":"Local Bounti entered into a Convertible Note and Warrant Purchase Agreement on August 7, 2026, providing for $12.5 million in convertible debt convertible into 9,124,088 shares at $1.37 per share, plus warrants to purchase 1,000,000 shares at $0.125 per share. The securities are unregistered and subject to a 1% ownership limitation pending stockholder approval.","company_name":"Local Bounti Corporation/DE","ticker":"LOCLW","filing_date":"2026-08-07","form":"8-K","submitted_at":null,"items":[{"id":25866,"accession_number":"0001628280-26-054899","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"Local Bounti entered into a Convertible Note and Warrant Purchase Agreement on August 7, 2026, providing for $12.5 million in convertible debt and warrants to purchase 1,000,000 shares. The convertible note is convertible into 9,124,088 shares at $1.37 per share (subject to PIK interest increases), and the warrant is exercisable at $0.125 per share. The filing explicitly notes the securities are unregistered and subject to a 1% ownership limitation pending stockholder approval. This is a classic dilutive capital raise combining debt and equity instruments, though the primary mechanism is convertible debt rather than a direct equity issuance. The event is material as it substantially increases the company's capitalization and dilution potential.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-08T00:28:12.669023+00:00","company_name":"","ticker":null,"filing_date":""},{"id":25867,"accession_number":"0001628280-26-054899","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Item 2.03 is the dedicated disclosure item for creation of direct financial obligations such as debt issuance, credit facilities, or term loans. The filing incorporates Item 1.01 by reference, which typically covers material agreements or transactions. The materiality of a debt issuance to a registrant's financial position and investor assessment is presumptive.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-08T00:28:12.669023+00:00","company_name":"","ticker":null,"filing_date":""},{"id":25868,"accession_number":"0001628280-26-054899","item_number":"3.02","item_title":"Unregistered Sales of Equity Securities.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Item 3.02 explicitly discloses an unregistered sale of equity securities relying on Section 4(a)(2) and Regulation D Rule 506 exemptions. The filing references issuance of a Note and Warrant in Item 1.01, which are classic dilutive instruments. This is a material capital-raising event typical of small- and mid-cap issuers.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-08T00:28:12.669023+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":25866,"accession_number":"0001628280-26-054899","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"Local Bounti entered into a Convertible Note and Warrant Purchase Agreement on August 7, 2026, providing for $12.5 million in convertible debt and warrants to purchase 1,000,000 shares. The convertible note is convertible into 9,124,088 shares at $1.37 per share (subject to PIK interest increases), and the warrant is exercisable at $0.125 per share. The filing explicitly notes the securities are unregistered and subject to a 1% ownership limitation pending stockholder approval. This is a classic dilutive capital raise combining debt and equity instruments, though the primary mechanism is convertible debt rather than a direct equity issuance. The event is material as it substantially increases the company's capitalization and dilution potential.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-08T00:28:12.669023+00:00","company_name":"Local Bounti Corporation/DE","ticker":"LOCLW","filing_date":"2026-08-07"},{"id":25867,"accession_number":"0001628280-26-054899","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Item 2.03 is the dedicated disclosure item for creation of direct financial obligations such as debt issuance, credit facilities, or term loans. The filing incorporates Item 1.01 by reference, which typically covers material agreements or transactions. The materiality of a debt issuance to a registrant's financial position and investor assessment is presumptive.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-08T00:28:12.669023+00:00","company_name":"Local Bounti Corporation/DE","ticker":"LOCLW","filing_date":"2026-08-07"},{"id":25868,"accession_number":"0001628280-26-054899","item_number":"3.02","item_title":"Unregistered Sales of Equity Securities.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Item 3.02 explicitly discloses an unregistered sale of equity securities relying on Section 4(a)(2) and Regulation D Rule 506 exemptions. The filing references issuance of a Note and Warrant in Item 1.01, which are classic dilutive instruments. This is a material capital-raising event typical of small- and mid-cap issuers.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-08T00:28:12.669023+00:00","company_name":"Local Bounti Corporation/DE","ticker":"LOCLW","filing_date":"2026-08-07"}]}