LOCL - Mergers and acquisitions

HAMILTON, Mont., March 17, 2026 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced that it secured $15 million through the issuance of a convertible note with an existing strategic investor (the "Agreement"). "We are pleased to continue to have the strong support of our financing partners as we execute on our growth strategy," said Kathleen Valiasek, President and Chief Executive Officer of Local Bounti. "This additional capital from an existing strategic investor provides us wit

HAMILTON, Mont., Feb. 11, 2026 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced that on February 5, 2026, it received a notice (the "Notice") from the New York Stock Exchange (the "NYSE") that it is not in compliance with the NYSE continued listing standards set forth in Section 802.01B of the NYSE Listed Company Manual (the "Minimum Market Capitalization Standard") due to the fact that the Company's average global market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, its stockholders' equity was less than $50 million.

New Romano Caesar Family-Size Salad Kit Marks Strategic Growth for the Company's Pasco, Washington Growing Facility Product Innovation Broadens Regional Store Footprint HAMILTON, Mont., Oct. 13, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced an expansion of its Pasco, Washington facility operations with the commercial launch of its new Romano Caesar Family-Size Salad Kit at Walmart. The launch represents a pivotal milestone in the strategic ramp of Local Bounti's facility and underscores the Company's ability to scale production, drive product innovation, and deepen relationships wit

Closed on $10 Million Convertible Note and Amended Credit Facility with $10 Million Principal Debt Reduction HAMILTON, Mont., Aug. 4, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced that it secured $10 million through the issuance of a convertible note with an existing investor. In conjunction with this agreement, the Company also amended its existing credit facility to reduce the principal balance by $10 million. "We are pleased to have the continued support of our fin

New distribution underscores Local Bounti's customer-centric approach and commercial momentum HAMILTON, Mont., Dec. 16, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced that it has received a two-year award from a large multinational retailer (the "Retailer") to supply Local Bounti's living butter lettuce product to 13 of the Retailer's distribution centers from Local Bounti's California and new Texas facilities. This award underscores Local Bounti's commitment to providing high-quality, fresh produce to consumers nationwide.

Expanded distribution brings Local Bounti's full assortment of product offerings to more than 180 BGC locations HAMILTON, Mont., Aug. 12, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced that it is now shipping to Brookshire Grocery Company ("BGC") locations from its new Mount Pleasant, Texas facility.  BGC is stocking Local Bounti's full line of produce products – including its Grab-and-Go Salad Kits, living lettuce and baby leaf varieties – to more than 180 Brookshire store locations across three states in the Southeast and Southwest United States.

Now also Supplying Sam's Club from Local Bounti's Recently Opened Texas Facility HAMILTON, Mont., July 22, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced that it has expanded distribution with its customer, Sam's Club, for its leafy greens production with service commencing from the Company's recently opened CEA facility in Mount Pleasant, Texas.  Local Bounti is now fulfilling shipments to six of Sam's regional distribution centers from two of its facilities, including Byron, Georgia. 

Added Role of President Reflects Ms. Valiasek's Impact on Improved Operating Efficiency HAMILTON, Mont., June 25, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, announced today that its Chief Financial Officer (CFO), Kathleen Valiasek, has been promoted to President and Chief Financial Officer, effective June 24. "Since Kathy joined our leadership team over three years ago, her contributions have been extensive, reaching far beyond that of her role as CFO. This appointment recognizes

HAMILTON, Mont., June 20, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, announced today it received notification (the "Acceptance Letter") from the New York Stock Exchange ("NYSE") that the NYSE has accepted the Company's previously-submitted plan (the "Plan") to regain compliance with the NYSE's continued listing standards. In the Acceptance Letter, the NYSE granted the Company an 18-month period from the Company's receipt of the NYSE's April 3, 2024, notice of noncompliance (the "Plan Period") to regain compliance with the continued listing standards.

Expected to create approximately 50 jobs in the Mount Pleasant area Innovative CEA facility combines vertical and greenhouse technologies to grow sustainable produce year-round using less water and land HAMILTON, Mont., May 16, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, announced today it will hold a ribbon cutting ceremony on Tuesday, June 18, 2024 from 1:00 to 4:00 pm local time to mark the official opening of its latest state-of-the-art controlled environment agriculture (CEA) facility in Mount Pleasant, Texas. Members of the Company's management team will be joined by industry leaders, local

Innovative CEA facility combines vertical and greenhouse technologies to grow sustainable produce year-round using 90% less water and land Enhances rapidly growing national distribution footprint, which is the largest in the CEA industry Expected to create more than 40 jobs in the Tri-Cities region HAMILTON, Mont., April 23, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, announced today that it will mark the opening of its new controlled environment agriculture (CEA) facility in Pasco, Washington with a ribbon cutting ceremony on Tuesday, May 7, 2024, from 1:00 to 4:00 pm local time. Members of the

HAMILTON, Mont., Feb. 21, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, announced today that the United States Patent and Trademark Office issued a patent to the Company on February 13, 2024 for its proprietary Stack & Flow Technology. "This is an amazing accomplishment for our entire organization which has worked tirelessly to design a robust solution, and we are pleased to have received the grant from the U.S. Patent and Trademark Office recognizing our innovations while further ex

Company receives $15 million in cash from Cargill as part of amended credit facility New facilities begin to ramp  ̶  Washington seeded and Texas expected to commence seeding by end of January 2024  ̶  provides capacity for new product introductions to support long-term revenue diversification and expansion HAMILTON, Mont., Jan. 24, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced that it has secured additional cash to fund working capital as part of its amended credit facility with Cargill Financial Services International, Inc. ("Cargill").

Artisanal Chicken Caesar and Memphis Style BBQ Chicken Salad Kits to be available at select grocery stores beginning in June  HAMILTON, Mont., May 31, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL, LOCL WS))) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, announced today the expansion of its Grab & Go Salad Kit line to include premium, antibiotic-free white meat chicken in two new recipes, marking a category innovation for the controlled environment agriculture industry. Beginning in June, consumers in the Pacific Northwest will be able to find Local Bounti's Artisanal Chicken Caesar and Memphis Style BBQ Chicken Salad Kits in the produce depart

Fabrega brings deep commercial and retail experience as former Freshly CEO and Amazon commerce executive Current Co-CEOs Craig Hurlbert and Travis Joyner to remain with the Company in leadership roles HAMILTON, Mont., May 25, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL, LOCL WS))) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, announced that Anna Fabrega, former Freshly CEO and Amazon executive, will become CEO of Local Bounti on June 5, 2023. The company's current Co-CEOs and Co-Founders – Craig Hurlbert and Travis Joyner – will shift to new leadership roles as Senior