Local Bounti Corporation

Day range

$0.93 – $0.97

Open

$0.97

Prev close

$0.92

Volume

1.28K

Market cap

$21.62M

Shares out

23.38M

P/E

—

P/S

0.41

P/B

-0.11

P/FCF

—

ROE

34.4%

ROA

-16.8%

Debt/Equity

-2.75

Div yield

0.00%

As of Nov 3, 2026

• Credit facilityAug 7, 2026

  Also on August 7, 2026, the Company entered into a letter agreement with Cargill Financial Services International, Inc., to supplement certain terms of the Credit Agreement dated as of September 3, 2021. Pursuant to the terms of the Letter Agreement the parties agreed to revise the minimum liquidity covenant to be $3.5 million through March 31, 2027 and $2.0 million from April 1, 2027 forward.

• Director departureJun 18, 2026

  On June 17, 2026, Matthew Nordby announced his intention to resign as a member of the Board, effective June 18, 2026. Mr. Nordby served as Lead Independent Director, as a member of the Board's Compensation Committee, and as chair of the Board's Nominating and Corporate Governance Committee.

• Annual meeting resultsJun 12, 2026

  On June 10, 2026, Local Bounti Corporation (the "Company") held its 2026 Annual Meeting of Stockholders (the "Annual Meeting")... At the Annual Meeting, stockholders voted on the following matters: 1. Stockholders elected two Class II directors to our Board... 2. Stockholders ratified the appointment of WithumSmith+Brown, PC as our independent registered public accounting firm... 3. Stockholders approved, for purposes of complying with the rules of the New York Stock Exchange, (i) the issuance of up to 7,882,861 shares of Common Stock upon the conversion of the convertible note... and (ii) the issuance of up to 5,500,000 shares of Common Stock underlying the common stock purchase warrant... 4. Stockholders approved the adjournment of the Annual Meeting.

• Executive compensation changeMay 15, 2026

  Under his employment agreement, Mr. Almassy is entitled to receive his salary and other benefits accrued through the Separation Date and, subject to Mr. Almassy executing the general release of claims and adhering to the applicable restrictive covenants (other than with respect to accrued benefits), Mr. Almassy will be entitled to continuing salary payments and COBRA reimbursement payments for a period of six months following the Separation Date.

• Debt issuanceMar 16, 2026

  On March 13, 2026, Local Bounti Corporation entered into a Convertible Note and Warrant Purchase Agreement providing for the purchase, sale and issuance of a convertible note with an initial principal balance of $15.0 million. The Note bears interest at a rate of 7.0% per year, with interest accruing semi-annually on June 30 and December 31, commencing December 31, 2026.

Days to cover

1.8

Short interest

58.58K

Avg volume

32.72K

As of Oct 15, 2026 · reported to FINRA twice monthly.

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