• Local Bounti shareholders approved share issuances tied to U.S. Bounti financing at a special meeting on November 4, 2026.
• The approval authorizes issuance of up to 12,563,309 common shares upon conversion of the convertible note issued to U.S. Bounti.
• It also covers up to 1,000,000 common shares underlying the common stock purchase warrant issued to U.S. Bounti.
• Shareholders also authorized adjournment, if necessary or appropriate, to solicit additional proxies if support for the share issuance proposal proved insufficient.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Local Bounti Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-071682), on November 06, 2026, and is solely responsible for the information contained therein.