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

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 %