Trust Size
$418M
Peak Price
$167.31
Current Price
$1.11
Return
-88.9%
Price Journey
What Happened
Local Bounti is a controlled environment agriculture company growing leafy greens and herbs in indoor facilities using a proprietary combination of greenhouse and vertical farming technology.
Local Bounti went public in November 2021 through a merger with Leo Holdings III Corp at a $1.1 billion valuation backed by Cargill and Fidelity. The Montana-based company uses its Stack & Flow technology to grow produce locally with less water and land. However, the company has struggled with high capital costs, facility buildout delays, and cash burn, undergoing a reverse stock split. The stock trades at a tiny fraction of its SPAC-era valuation.
Timeline
2021-02-22
S-1 Registration Filed
🔀 Reverse Stock Split
Reverse split ratio: . Reverse splits are used to avoid delisting but destroy shareholder value through the illusion of a higher stock price.
SEC Filing Details
CIK Number
1840780
Total SEC Filings
566
State of Incorporation
DE
Last Filing Date
2026-03-18
Business Location
Los Angeles, CA
Trust/Asset Size
$418M
Data sourced from SEC EDGAR Company Facts API and EFTS search index.
📄 SEC Filings
View all EDGAR filings for Local Bounti Corporation