Leo Investors III LP Amends Local Bounti Stake to 81,789 Shares

TL;DR

**Leo Investors III LP still holds 81,789 shares of Local Bounti, showing continued institutional interest.**

AI Summary

Leo Investors III LP, a Cayman Islands-based entity, filed an amended SC 13G/A on January 26, 2024, disclosing its beneficial ownership in Local Bounti Corporation/DE. As of December 31, 2023, Leo Investors III LP holds shared voting power over 81,789 shares of Local Bounti's Common Stock. This filing indicates a change in their previously reported ownership, which is important for investors to track as it reflects institutional interest and potential shifts in control or influence over the company.

Why It Matters

This filing shows that a significant institutional investor, Leo Investors III LP, still holds a notable stake in Local Bounti, which can influence stock stability and investor confidence.

Risk Assessment

Risk Level: low — This is an amendment to a passive ownership filing, indicating no immediate major changes or risks to the company's operations or control.

Analyst Insight

Investors should note the continued institutional ownership by Leo Investors III LP, which could be a positive signal, but this filing itself doesn't suggest any immediate catalysts for the stock. It's a routine update on a passive stake.

Key Numbers

• 81,789 — Shares with Shared Voting Power (Number of Local Bounti Corporation/DE shares beneficially owned by Leo Investors III LP as of December 31, 2023.)
• $0.0001 — Par Value per Share (The nominal value of Local Bounti Corporation/DE's Common Stock.)

Key Players & Entities

• Leo Investors III LP (company) — Reporting Person, beneficial owner of Local Bounti Corporation/DE shares
• Local Bounti Corporation/DE (company) — Subject Company, issuer of the securities
• Cayman Islands (place) — Place of organization for Leo Investors III LP
• December 31, 2023 (date) — Date of event requiring the filing of this statement

Forward-Looking Statements

• Leo Investors III LP will maintain a significant, but passive, stake in Local Bounti Corporation/DE. (Leo Investors III LP) — medium confidence, target: Q2 2024

FAQ

Key Financial Figures

• $0.0001 — me of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securiti

Filing Documents

• d707318dsc13ga.htm (SC 13G/A) — 53KB
• 0001193125-24-016201.txt ( ) — 55KB

(a)

Item 1(a). Name of Issuer Local Bounti Corporation (the Issuer)

(b)

Item 1(b). Address of the Issuers Principal Executive Offices 490 Foley Lane Hamilton, MT 59840

(a)

Item 2(a). Names of Persons Filing This statement is filed by the entities and persons listed below, all of whom together are referred to herein as the Reporting Persons: (i) Leo Investors III LP (ii) Leo Investors GP III Ltd

(b)

Item 2(b). Address of the Principal Business Office, or if none, Residence Leo Investors III LP 21, Grosvenor Place London, England SW1X 7HF Leo Investors GP III Ltd PO Box 309, Ugland House, Grand Cayman, Cayman Islands KY1-1104

(c)

Item 2(c). Citizenship See response to Item 4 on each cover page.

(d)

Item 2(d). Title of Class of Securities Common Stock, par value $0.0001 per share.

(e)

Item 2(e). CUSIP Number 53960E205 Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a (n): Not Applicable Item 4. (a) Amount beneficially owned: See responses to Item 9 on each cover page. (b) Percent of Class: See responses to Item 11 on each cover page. (c) Number of shares as to which the Reporting Person has: (i) Sole power to vote or to direct the vote: See responses to Item 5 on each cover page. (ii) Shared power to vote or to direct the vote: See responses to Item 6 on each cover page. (iii) Sole power to dispose or to direct the disposition of: See responses to Item 7 on each cover page. (iv) Shared power to dispose or to direct the disposition of: See responses to Item 8 on each cover page. The reported securities are held by Leo Investors III LP, which is controlled by its general partner, Leo Investors GP III Ltd and each of the foregoing may be deemed to be the beneficial owner of the reported securities. Leo Investors GP III Ltd is governed by a three member board of directors. Each director has one vote, and the approval of a majority of the directors is required to approve an action of Leo Investors III LP. No individual director of Leo Investors GP III Ltd exercises voting or dispositive control over the reported securities and, therefore, no individual director of Leo Investors GP III Ltd has or shares beneficial ownership of such securities. This Statement shall not be construed as an admission that either Reporting Person or any individual director of Leo Investors GP III Ltd is the beneficial owner of any securities covered by this Statement. Item 5. If this statement is being filed to report the fact that as of the date hereof the Reporting Person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: Item 6.

View Full Filing

View this SC 13G/A filing on SEC EDGAR