Local Bounti Corporation/DE
Closed (deSPAC)Profile in progress
- What it is
- Bounti Local Bounti is redefining indoor farming with an innovative method its proprietary Stack & Flow Technology TM that significantly improves crop turns, increases output and improves unit economics
- What it’s doing now
- Merging with Leo Holdings III Corp. (LIII) — closed (despac).
- What you should know
- Data is still being assembled for this company — what is shown below is everything we have verified so far.
The business, per its filings
SEC primaryBounti Local Bounti is redefining indoor farming with an innovative method its proprietary Stack & Flow Technology TM that significantly improves crop turns, increases output and improves unit economics. Local Bounti operates advanced indoor growing facilities across the United States, servicing approximately 10,000 retail doors with its two brands: Local Bounti ® and Petes ® . We grow healthy food utilizing a hybrid approach that integrates the best attributes of controlled environment agriculture with natural elements. Our sustainable growing methods are better for the planet, using 90% less water and land than conventional farming methods. With a mission to bring our farm to your kitchen in the fewest food miles possible, Local Bountis food is fresher, more nutritious, and lasts longer than traditional agriculture. To find out more, visit localbounti.com or eatpetes.com , or follow Local Bounti on LinkedIn for the latest news and developments.
What the company says about itself
Web research — not auditedLocal Bounti is a company that locally grows leafy greens, herbs, and salad kits indoors using advanced, climate-controlled greenhouses. Their mission is to nourish communities for generations to come by providing fresh, sustainable produce while using 90% less land and water than traditional field agriculture. They operate greenhouses in locations including California, Georgia, Texas, Montana, and Washington.
- Markets:
- controlled environment agriculture | leafy greens | herbs | salad kits
- Products:
- leafy greens | living lettuces | salad kits | herbs | Green Leaf lettuce | Green & Red lettuce | Organic Living Watercress
[WEB-INTEL 2026-08-26] 4 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Transaction to provide up to $400 million" [https://investors.localbounti.com/news-events/press-releases/detail/11/local-bounti-disruptive-agtech-company-redefining-the] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "~$1.1 Billion Business Combination" [https://investors.localbounti.com/news-events/press-releases/detail/20/leo-holdings-iii-corp-and-disruptive-agtech-company-local] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "$1.1B Merger with Local Bounti" [https://www.kirkland.com/news/press-release/2021/06/kirkland-advises-leo-holdings-on-local-bounti] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Local Bounti completes $1.1bn SPAC merger" [https://agfundernews.com/local-bounti-completes-1-1bn-spac-merger]
Source: https://localbounti.com/ · captured Aug 26, 2026 · marketing claims are reported as claims, never merged into the filed figures above.
The deal it’s entering
Local Bounti Corporation/DE is merging with Leo Holdings III Corp. (LIII) currently marked Closed (deSPAC).
| Headline equity value | — |
| PIPE | ≈ $125M · unsourced |
Structure per SEC accession(s) 0001193125-21-217964. How to read these numbers: headline vs effective valuation · what a definitive agreement commits
What exactly is being valued, and at what
Common questions
Is Local Bounti Corporation/DE going public?
Local Bounti Corporation/DE has an approved merger with the SPAC Leo Holdings III Corp. (LIII). Deal status: Closed (deSPAC).
Does Local Bounti Corporation/DE have revenue?
The filings we've parsed don't state a usable revenue figure yet; this profile is updated as new documents land.
Educational content, not investment advice.