Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS??? EQUITY (DEFICIT)

v3.22.1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($)
$ in Thousands
Total
Voting Common Stock
Additional
Paid-in
Capital
Accumulated
Deficit
Beginning balance (in shares) at Dec. 31, 2019   10,291,688,000    
Beginning balance at Dec. 31, 2019 $ 2,554 $ 1 $ 6,293 $ (3,740)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuance of common stock (in shares)   1,799,811,000    
Stock issued during period, acquisitions (in shares)   47,999,249,000    
Share redemption (in shares)   (2,014,729,000)    
Share redemption (11)   (11)  
Stock-based compensation 3,295   3,295  
Net loss (8,409)     (8,409)
Ending balance (in shares) at Dec. 31, 2020   58,076,019,000    
Ending balance at Dec. 31, 2020 (2,571) $ 1 9,577 (12,149)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuance of common stock (in shares)   1,182,129,000    
Merger recapitalization, net of issuance costs (in shares)   23,817,279,000    
Merger recapitalization, net of issuance costs $30,422 137,531 $ 8 137,523  
Vesting of restricted stock units, net (in shares)   45,386,000    
Cash distribution to Legacy Local Bounti shareholders (27,320)   (27,320)  
Conversion of Convertible Notes to common stock (in shares)   3,224,068,000    
Conversion of Convertible Notes to common stock 32,241   32,241  
Stock-based compensation 17,895   17,895  
Net loss (56,093)     (56,093)
Ending balance (in shares) at Dec. 31, 2021   86,344,881,000    
Ending balance at Dec. 31, 2021 $ 101,683 $ 9 $ 169,916 $ (68,242)