Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS??? EQUITY (DEFICIT)

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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, 2020   58,076,019    
Beginning 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    
Stock Issued During Period, Value, Reverse Recapitalization   $ 8 137,523 137,531
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   32,241  
Issuance of common stock for debt modification 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 86,344,881    
Ending balance at Dec. 31, 2021 $ 101,683 $ 9 169,916 (68,242)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Adjustments to additional paid in capital, reverse recapitalization transaction 30,422      
Vesting of restricted stock units, net (in shares)   448,208    
Issuance of common stock for business combination (in shares)   5,654,600    
Issuance of common stock for business combination 50,948   50,948  
Issuance of common stock for debt modification (in shares)   1,932,931    
Issuance of common stock for debt modification $ 17,416   17,416  
Issuance of common stock for PIPE Financing, net of issuance costs (in shares) 9,320,000      
Issuance Of Common Stock, Value For PIPE Financing Net Of Issuance Costs $ 22,747 $ 1 22,746  
Issuance of common stock upon exercise of warrants (in shares) 10      
Stock-based compensation $ 39,610   39,610  
Net loss $ (111,071)     (111,071)
Ending balance (in shares) at Dec. 31, 2022 103,700,630 103,700,630    
Ending balance at Dec. 31, 2022 $ 121,333 $ 10 $ 300,636 $ (179,313)