Successfully merged with Local Bounti Corporation • Now trading as LOCL
SPAC Overview
$240M
IPO Size
$275M
Trust (as of 2021-09-30)
Completed
Current Status
2021
IPO Year
Timeline Progress
About
Leo Holdings III Corp. is a blank-check company seeking to combine with an unidentified operating business. It intends to focus its search on the consumer sector, while retaining the ability to pursue a combination in any business or industry.
Investment Focus
Consumer
Geographic Focus
North America, Europe
The terms and the filing trail behind Leo Holdings III Corp.
What the sponsor registered, what the deal actually priced at, and every 8-K that moved it — unit structure, sponsor promote, and the dated lifecycle events, each linked to its filing.
- Unit structure as registered and as priced — price, warrant coverage, rights, trust per unit
- Sponsor promote: founder shares and percentage, private-placement warrants, trust deposit
- The full 8-K lifecycle timeline, each event linked to its filing
- Price history across the unit, share and warrant tickers
- Follow it, and see it change on your watchlist
SPAC Team
Sponsors
Leadership
Edward C. Forst
Chairman of the Board of Directors, Director
Craig M. Hurlbert
Co-Chief Executive Officer, Director
Lyndon Lea
Chief Executive Officer, Director, President
Travis M. Joyner
Co-Chief Executive Officer, Director
Brian C. Cook
President
B. David Vosburg Jr.
Chief Innovation Officer, Chief Innovation Officer (Prior Interim Chief Financial Officer and Chief Operating Officer)
Kathleen Valiasek
Chief Financial Officer
Robert Darwent
Chief Financial Officer, Director
Gary Hilberg
Chief Sustainability Officer
Joshua White
Chief Marketing Officer
Margaret C. Mccandless
General Counsel, Secretary
Mark Alan Mckinney
Chief Operating Officer
Mark Joseph Nelson
Director
Mark Masinter
Director
Matthew Nordby
Director
Naveen Agarwal
Director
Pamela Brewster
Director
Lori H. Bush
Director, Director Nominee
Mary Ellen Minnick
Director, Director Nominee
Bridget M. Joyner
Bridget Sample Joyner
David F. Lincoln
Matthew R. Bear
Rom Ramsbacher
Underwriters
Extended Team Information
Led by Lyndon Lea, Ed Forst and Robert Darwent, senior executives of Lion Capital, whose principals have extensive consumer-sector private-equity investment experience. The team also includes consumer and operating leaders Lori Bush, Mary E. Minnick and Mark Masinter.
Stock Performance
LOCL
Trading Symbol
First Trade
April 19, 2021
$9.75
At Merger
November 23, 2021
$8.01
-18%
6 Months Post-Merger
May 23, 2022
$5.16
-36%
1 Year Post-Merger
November 22, 2022
$2.16
-73%
2 Years Post-Merger
November 22, 2023
$3.85
-52%
Current Price
October 1, 2026
$1.06
-89%
Key Information
IPO Date
March 2, 2021
Total Redemptions
$258M
PIPE
$150M
State of Incorporation
DE
SIC
6770
Completion Date
November 19, 2021
Merger Target
Local Bounti Corporation
SPAC Ticker
LIII
Merged Ticker
LOCL