Local Bounti Corporation/DE (LOCL) AI Dilution Summary

Cash was $3,629,000 at 2026-06-30 against estimated monthly burn of $2,455,667. The most recent raise was a $12,500,000 gross private placement of a convertible note, closed 2026-08-07. Dilution here is driven primarily by the $15,000,000 2026 Note, which converts at a fixed $2.50 conversion price into 6,000,000 shares and matures 2031-03-13.