Local bounti announces full year 2024 financial results

Secured $27.5 million of new funding - closed $25 million of new equity proceeds and $2.5 million of capex financing under executed term sheet and completed the restructuring of its existing credit facility – including a nearly 40% reduction through debt extinguishment of approximately $197 million, a significantly lower interest rate, and extended repayment terms with no cash payments until april 2027  announces leadership succession and new board appointments – president kathleen valiasek succeeds craig hurlbert as ceo, mr. hurlbert named executive chairman further expansion of regional distribution with walmart hamilton, mont.
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