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Local Bounti Corporation entered into a Convertible Note and Warrant Purchase Agreement on March 13, 2026, with U.S. Bounti, LLC for a $15.0 million convertible note at 7.0% interest and a warrant to purchase 5,500,000 shares of common stock at $0.125 per share. The note matures on March 13, 2031, is convertible at $2.50 per share, and is subordinated to the Senior Credit Agreement; proceeds will fund working capital, general corporate purposes, and certain capital expenditures.
Event Type
Disclosure
Mandatory
Variant
8-K
, the Company relied upon the exemption from registration provided by Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D promulgated thereunder.
. Item 3.02 Unregistered Sales of Equity Securities. The information set forth under Item 1.01 of this Current Report is incorporated by reference in this Item
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 4.1 Convertible Note by and between Local Bounti Corporation and U.S. Bounti, LLC. 4.2
Material Agreement
Debt / Financing