Item 5.07 Submission of Matters to a Vote of Security Holders.
On
At the Special Meeting, stockholders voted on the following matter:
1. Proposal 1 - To approve an amendment to Local Bounti's Certificate of Incorporation, to, at the discretion ofLocal Bounti's Board of Directors, effect a reverse stock split of the shares ofLocal Bounti's common stock, at any time prior toJune 30, 2024 , at a ratio within a range of 1-for-2 to 1-for-25, with the exact ratio and effective time of the reverse stock split to be determined at the discretion ofLocal Bounti's Board of Directors without further approval or authorization of our stockholders. Votes For Votes Against Votes Abstaining 67,771,527 180,101 16,315
As there were sufficient votes in favor of Proposal 1, Proposal 2, as described
in our definitive proxy statement, filed with the
If the Board of Directors of
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