Local Bounti holds special stockholder meeting
LOCL•Local Bounti shareholders approved issuing up to 12,563,309 common shares upon conversion of a note and up to 1,000,000 shares underlying a warrant issued to U.S. Bounti.
1. Share issuance approved
At a special meeting on November 4, 2026, Local Bounti shareholders approved the share issuances tied to financing from U.S. Bounti. The approval covers up to 12,563,309 common shares upon conversion of a convertible note and up to 1,000,000 common shares underlying a warrant.
2. Adjournment authorized
Shareholders also authorized adjournment of the meeting, if necessary or appropriate, to solicit additional proxies if support for the share issuance proposal proved insufficient.
