Annual report pursuant to Section 13 and 15(d)

Stockholders??? Equity (Deficit) (Tables)

v3.22.1
Stockholders’ Equity (Deficit) (Tables)
12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Schedule of Reverse Recapitalization The following summarizes the Company’s common stock outstanding as of the close of the transaction:
Shares %
Leo sponsor shares 6,875,000 8.0%
Leo public stockholders 1,701,281 2.0%
PIPE shares 15,000,000 17.4%
Common stock issued for Legacy Local Bounti voting common stock, Legacy Local Bounti non-voting common stock and conversion of convertible debt of Local Bounti 62,482,214 72.3%
Common stock issued to certain service providers as payment for services in connection with the Business Combination 241,000 0.3%
Total common stock 86,299,495 100.0%