Local Bounti Corporation reported second quarter 2026 financial results showing a 14% year-over-year revenue increase to $13.9 million and an improved net loss of $19.8 million, down from $21.6 million in the prior year period. Adjusted EBITDA loss narrowed by 17% to $5.8 million. The company also announced a subsequent $12.5 million investment from an existing strategic investor via convertible notes and warrants. Local Bounti operates controlled-environment agriculture facilities across the United States, producing fresh produce for retail partners.

On June 17, 2026, Local Bounti Corporation announced the resignations of Executive Chairman Craig Hurlbert and Lead Independent Director Matthew Nordby, effective June 18, 2026. The Board of Directors has been restructured into a new leadership structure with Travis Joyner appointed as Chairman of the Board and Mark Nelson as Lead Independent Director. The Board size has been reduced from eight to six members. Local Bounti Corporation is an indoor farming company that produces high-quality fresh produce.

At its 2026 Annual Meeting on June 10, 2026, Local Bounti Corporation stockholders approved the issuance of up to 7,882,861 shares of common stock upon the conversion of a convertible note and up to 5,500,000 shares underlying a common stock purchase warrant, both issued to U.S. Bounti, LLC under a March 13, 2026 agreement. Stockholders also elected Class II directors Mark J. Nelson and Charles R. Schwab, Jr., and ratified WithumSmith+Brown, PC as the independent registered public accounting firm for the year ending December 31, 2026. The company operates in the agriculture industry and specializes in indoor vertical farming.