Local Bounti Corporation General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Cover
- Cover Page
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Fair value measurements - Summary of Changes in Fair Value of the Derivative Warrant Liabilities (Detail)

v3.21.2

Fair value measurements - Summary of Changes in Fair Value of the Derivative Warrant Liabilities (Detail) - USD ($)	3 Months Ended			9 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2021	Sep. 30, 2021	Sep. 30, 2020
Change in fair value of warrant liabilities					$ 10,000	$ 0
LEO HOLDINGS III CORP [Member]
Change in fair value of warrant liabilities	$ (4,225,000)			$ (811,667)
Level 3 [Member] \| Convertible Notes [Member]
Fair Value Measurement Adjustments [Abstract]
Balance as of December 31, 2020					0
Additions					26,050,000
Fair value measurement adjustments					5,067,000
Balance as of September 30, 2021	31,117,000			31,117,000	31,117,000
Level 3 [Member] \| Warrant Liability [Member]
Fair Value Measurement Adjustments [Abstract]
Balance as of December 31, 2020					0
Additions					1,415,000
Fair value measurement adjustments					10,000
Balance as of September 30, 2021	1,425,000			1,425,000	1,425,000
Level 3 [Member] \| LEO HOLDINGS III CORP [Member]
Beginning balance	6,186,666	$ 7,745,000	$ 0	0
Issuance of Public and Private Warrants			9,153,333
Public Warrants transferred to Level 1		(3,905,000)
Change in fair value of warrant liabilities	(2,080,000)	2,346,666	(1,408,333)
Ending balance	$ 4,106,666	$ 6,186,666	$ 7,745,000	$ 4,106,666	$ 4,106,666

- Definition

Fair Value Measurement Adjustments [Abstract]

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Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.

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Amount of expense (income) related to adjustment to fair value of warrant liability.

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Amount of gain (loss) recognized in income from liability measured at fair value on recurring basis using unobservable input (level 3).

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Amount of purchases of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.

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Amount of transfers of financial instrument classified as derivative asset (liability) after deduction of derivative liability (asset) out of level 3 of the fair value hierarchy.

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The cash inflow from issuance of rights to purchase common shares at predetermined price (usually issued together with corporate debt).

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