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Local Bounti to Go Public in $1.1B SPAC Deal via Leo Holdings III Corp. (LIII)

Go back to Local Bounti to Go Public in $1.1B SPAC Deal via Leo Holdings III Corp. (LIII)

Local Bounti, Disruptive AgTech Company Redefining the Future of Farming, to Go Public in $1.1B SPAC Deal via Leo Holdings III Corp.

June 18, 2021 6:00 AM EDT

A leader in controlled environment agriculture is transforming the production and delivery of local, fresh and sustainably-grown leafy greens produce across the U.S.

Local Bounti has entered into a definitive merger agreement with Leo Holdings III Corp. (NYSE: LIII) Transaction to provide up to $400 million of gross proceeds to the combined company, including $125 million fully committed common stock PIPE at $10.00 per share anchored by existing and new investors, including institutional investors Fidelity Management & Research Company LLC and BNP Paribas Asset... More