Leo Holdings III Corp - Ordinary Shares - Class A

NYSE:LIII  
9.89
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Debt Financing / Related, Mergers / Acquisitions, Equity Financing / Related

Local Bounti To Go Public In $1.1 Bln SPAC Deal Via Leo Holdings III

Published: 06/18/2021 10:56 GMT
Leo Holdings III Corp - Ordinary Shares - Class A (LIII) - Local Bounti, Disruptive Agtech Company Redefining the Future of Farming, to Go Public in $1.1b Spac Deal Via Leo Holdings Iii Corp.
Local Bounti - Pro Forma Equity Value of Merger is Approximately $1.1 Billion, at $10.00 per Share Pipe Price, Assuming No Redemptions.
Local Bounti - Cargill Separately Expecting to Provide $200 Million Debt Facility to Accelerate Local Bounti's Expansion Plans.
Local Bounti - Upon Closing of Transaction, Combined Co is Expected to Remain Listed on New York Stock Exchange Under Symbol "locl".
Local Bounti - Deal to Provide Up to $400 Million of Proceeds to Combined Co, Including $125 Million Fully Committed Common Stock Pipe at $10.00 per Share.