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Local Bounti Corporation ( (LOCL) ) just unveiled an update.
On June 11, 2025, Local Bounti Corporation held its 2025 Annual Meeting of Stockholders, where 81.6% of the 10,677,002 outstanding shares were present to vote. During the meeting, stockholders elected three Class I directors, ratified the appointment of WithumSmith+Brown, PC as the independent registered public accounting firm, approved the issuance of shares upon conversion of Series A Non-Voting Convertible Preferred Stock, and approved an amendment to increase the number of shares for awards under the Plan. Additionally, the 10,728,414 shares of Series A Non-Voting Convertible Preferred Stock were automatically converted into common stock, resulting in 21,709,496 shares of common stock outstanding.
The most recent analyst rating on (LOCL) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on Local Bounti Corporation stock, see the LOCL Stock Forecast page.
Spark’s Take on LOCL Stock
According to Spark, TipRanks’ AI Analyst, LOCL is a Neutral.
Local Bounti Corporation’s score is primarily affected by its weak financial performance and valuation metrics. The technical analysis also indicates bearish conditions, adding to the challenges. Despite positive strategic moves highlighted in the earnings call, the persistent financial challenges and lack of profitability weigh heavily on the overall score.
To see Spark’s full report on LOCL stock, click here.
More about Local Bounti Corporation
Average Trading Volume: 36,150
Technical Sentiment Signal: Sell
Current Market Cap: $22.27M
Learn more about LOCL stock on TipRanks’ Stock Analysis page.