# Local Bounti Corporation/DE (LOCLW) — capital_raise [announced]
Source: SEC API (secapi.ai) · situation sit_3356c08440517783f930 · retrieved 2026-08-14T08:04:56.844Z

## Overview
Local Bounti Corporation is a U.S. indoor agriculture company using patented Stack & Flow Technology to grow fresh produce at advanced indoor facilities, currently servicing approximately 13,000 retail doors with sustainable growing methods using 90% less land and water than conventional farming.

Local Bounti Corporation received an additional $12.5 million investment from an existing strategic investor in August 2026, subsequent to the quarter ended June 30, 2026. The investment was structured as a convertible note and common stock purchase warrant. This investment demonstrates continued confidence in Local Bounti's business and long-term growth trajectory, and combined with the $15 million investment received in March 2026, provides the company with financial flexibility to pursue strategic partnerships and growth investments as it advances toward profitability.

## Terms
- Counterparty: Existing strategic investor · Deal value: $12.5M · Consideration: mixed

## Key dates
- Announced 2026-08-12

## Timeline
- 2026-08-12 · 8-K (0001628280-26-055950): 8-K - Local Bounti Corporation/DE — *Local Bounti Corporation is a U.S. indoor agriculture company using patented Stack & Flow Technology to grow fresh produce at advanced indoor facilities, currently servicing approximately 13,000 retail doors with sustainable growing methods using 90% less land and water than conventional farming.* Local Bounti Corporation received an additional $12.5 million investment from an existing strategic investor in August 2026, subsequent to the quarter ended June 30, 2026. The investment was structured as a convertible note and common stock purchase warrant. This investment demonstrates continued confidence in Local Bounti's business and long-term growth trajectory, and combined with the $15 million investment received in March 2026, provides the company with financial flexibility to pursue strategic partnerships and growth investments as it advances toward profitability.
  https://www.sec.gov/Archives/edgar/data/1840780/0001628280-26-055950.txt

## Citations
- 0001628280-26-055950 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000162828026055950