Leo Holdings III Corp (LIII) Adds $25M to Local Bounti PIPE

Leo III (NYSE:LIII) announced this morning that it has added $25 million to the PIPE for its deal with indoor farming venture Local Bounti, further securing it from redemption risks. This additional funding brings the total PIPE to $150 million, matching the transaction’s $150 million minimum cash closing condition. The news comes as Leo III
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