Post-effective amendment to a registration statement that is not immediately effective upon filing

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    
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    
Retroactive conversion of shares due to Business Combination   47,999,249    
Share redemption (in shares)   (2,014,729)    
Share redemption (11)   (11)  
Stock-based compensation 3,295 $ 0 3,295 0
Net loss (8,409)     (8,409)
Ending balance (in shares) at Dec. 31, 2020   58,076,019    
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    
Merger recapitalization, net of issuance costs (in shares)   23,817,279    
Merger recapitalization, net of issuance costs $30,422 137,531 $ 8 137,523 0
Vesting of restricted stock units, net (in shares)   45,386    
Cash distribution to Legacy Local Bounti shareholders (27,320)   (27,320)  
Conversion of Convertible Notes to common stock (in shares)   3,224,068    
Conversion of Convertible Notes to common stock 32,241 $ 0 32,241 0
Stock-based compensation 17,895   17,895  
Net loss (56,093)     (56,093)
Ending balance (in shares) at Dec. 31, 2021   86,344,881    
Ending balance at Dec. 31, 2021 $ 101,683 $ 9 $ 169,916 $ (68,242)