Local Bounti Corporation/DE (LOCL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 15, 2026

Risk Assessment Details

Potential Dilution: 270.36% of current shares
Recent Dilution: 140.35% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
23M
Potential Supply
62M
Additional shares possible
Splits
None
Past 2 years

Summary

LOCL currently has 22.8M outstanding shares. with significant dilution risk as 61.5M authorized shares could dilute existing holders by 270.4%. The company has significantly diluted shareholders by 140.35% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 15, 2026

S-3 filing: This prospectus relates to the resale of up to 13,605,102 shares of common stock by a selling stockholder, comprising 8,105,102 conversion shares issuable upon conversion of a convertible note and 5,500,000 warrant shares issuable upon exercise of a common stock purchase warrant.

23M 62M
May 15, 2026

10-Q filing | 24.1M shares outstanding

24M 48M
Mar 27, 2026

10-K filing | 22.4M shares outstanding

22M 48M
Mar 16, 2026

8-K filing: Local Bounti Corporation entered into a Convertible Note and Warrant Purchase Agreement with U.S. Bounti, LLC for the purchase, sale, and issuance of a convertible note with an initial principal balance of $15.0 million and a common stock purchase warrant to purchase 5,500,000 shares of the Company's common stock.

22M 48M
Nov 14, 2025

S-3 filing: This prospectus relates to the resale or other disposition from time to time by the selling stockholder identified in this prospectus of up to 5,352,902 Conversion Shares and 550,000 Warrant Shares.

22M 48M
Nov 14, 2025

10-Q filing | 22.5M shares outstanding

22M 42M
Aug 14, 2025

10-Q filing | 22.1M shares outstanding

22M 42M
Aug 04, 2025

8-K filing: Local Bounti Corporation entered into a Convertible Note and Warrant Purchase Agreement with U.S. Bounti, LLC for a convertible note with an initial principal balance of $10.0 million and a warrant to purchase 550,000 shares of common stock, and also entered into a Twelfth Amendment to its Senior Credit Agreement with Cargill Financial Services International, Inc. resulting in a $10.0 million debt reduction.

22M 42M
Jun 16, 2025

8-K filing: On June 11, 2025, 10,728,414 shares of Series A Non-Voting Convertible Preferred Stock automatically converted into 10,728,414 shares of Common Stock, resulting in 21,709,496 shares of Common Stock outstanding.

22M 42M
May 15, 2025

10-Q filing | 10.9M shares outstanding

11M 42M
May 15, 2025

S-3 filing: This S-3 filing relates to the resale of 13,640,396 shares of common stock by selling stockholders.

11M 42M
Mar 31, 2025

10-K filing | 10.6M shares outstanding

11M 28M
Nov 14, 2024

10-Q filing | 8.6M shares outstanding

8.6M 28M
Aug 13, 2024

10-Q filing | 8.4M shares outstanding

8.4M 28M
May 10, 2024

10-Q filing | 8.3M shares outstanding

8.3M 28M
Mar 28, 2024

10-K filing | 7.9M shares outstanding

7.9M 28M
Jan 26, 2024
Stock Split

8-K filing: Local Bounti Corporation amended a Common Stock Purchase Warrant with Cargill Financial to change the exercise price from $13.00 to $6.50 per share, reflecting the 1-for-13 reverse stock split effected on June 15, 2023.

8M 28M
Nov 14, 2023

10-Q filing | 8.0M shares outstanding

8M 370M
Aug 14, 2023

10-Q filing | 7.9M shares outstanding

7.9M 370M
May 12, 2023

10-Q filing | 100.5M shares outstanding

100M 370M
Apr 27, 2023

S-3 filing: This prospectus relates to the offer and sale from time to time by the selling securityholder of up to 69,600,000 shares of Local Bounti Corporation common stock, that are issuable by us upon the exercise of 69,600,000 warrants, with an exercise price of $1.00 per share.

110M 370M
Mar 31, 2023

10-K filing | 104.5M shares outstanding

100M 300M
Dec 30, 2022

POS AM filing: This prospectus relates to the offer and sale from time to time by the selling securityholders named in this prospectus of up to (A) 90,208,141 shares of our common stock and (B) up to 5,333,333 Private Warrants.

100M 300M
Dec 30, 2022

S-3 filing: The filing is an S-3 registration statement allowing the company to offer and sell up to $250,000,000 in aggregate principal amount of common stock, preferred stock, depositary shares, debt securities and purchase contracts from time to time.

100M 300M
Nov 14, 2022

10-Q filing | 103.7M shares outstanding

100M 120M
Oct 24, 2022

S-1 filing: This S-1 filing indicates an offering of 9,320,000 shares of common stock by selling stockholders. The company will not receive any proceeds from the sale.

89M 120M
Aug 15, 2022

10-Q filing | 88.6M shares outstanding

89M 110M
Jun 17, 2022

S-1 filing: This S-1 filing relates to the offer and sale from time to time by the selling stockholders of up to 7,587,531 shares of common stock.

94M 110M
May 12, 2022

10-Q filing | 94.1M shares outstanding

94M 99M
Mar 30, 2022

10-K filing | 86.5M shares outstanding

86M 99M
Dec 10, 2021

S-1 filing: Registration for resale of common stock and warrants by selling securityholders.

28M 99M
Nov 12, 2021

10-Q filing | 27.5M shares outstanding

28M 10M
Aug 16, 2021

10-Q filing | 27.5M shares outstanding

28M 10M
Jun 21, 2021

8-K filing: Leo Holdings III Corp entered into an agreement to merge with Local Bounti Corporation, and concurrently entered into subscription agreements with PIPE Investors for the sale of 12,500,000 shares of New Local Bounti Common Stock at $10.00 per share. ($125.0M proceeds)

2.1M 10M
Jun 10, 2021

10-Q filing | 2.1M shares outstanding

2.1M 10M
Feb 25, 2021

S-1/A filing: This S-1/A filing details a warrant agreement between Leo Holdings III Corp and Continental Stock Transfer & Trust Company, outlining the terms for Private Placement Warrants and Public Warrants exercisable for Class A ordinary shares at $11.50 per share.

N/A 10M
Feb 23, 2021

S-1/A filing: This is an S-1/A filing for a proposed public offering of 20,000,000 units at $10.00 per Unit, and the sale of 4,333,333 warrants at a price of $1.50 per Private Placement Warrant.

N/A 24M
Feb 19, 2021

S-1/A filing: This S-1/A filing outlines the terms of warrants and private placement warrants, including agreements with CST as warrant agent, Leo Investors III LP as the Sponsor, and registration rights agreements. It also discusses administrative services provided by the Sponsor and the representations and warranties made by the company to the underwriters.

N/A 10M
Jan 21, 2021

S-1 filing: Leo Holdings III Corp proposes an initial public offering of 20,000,000 units at $10.00 per Unit and the sale of 4,333,333 warrants at a price of $1.50 per Private Placement Warrant.

N/A 24M
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