Lion Capital SPAC, indoor agriculture company Local Bounti finalize merger

Lion Capital LLP-backed special purpose acquisition company Leo Holdings III Corp. completed its merger with U.S. indoor agriculture company Local Bounti Corp.

Local Bounti will start trading its common stock and public warrants on the NYSE on Nov. 22 under the tickers LOCL and LOCL WS, respectively.

Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc. and Nomura Securities International, Inc. were placement agents on the private investment in public equity, while Debevoise & Plimpton LLP was legal adviser to the placement agents.

Kirkland & Ellis LLP was Leo Holdings' legal adviser and Deutsche Bank Securities Inc. was its sole IPO underwriter. Morgan Stanley & Co. LLC and Nomura Greentech were Local Bounti's financial adviser and Orrick Herrington & Sutcliffe LLP was its legal counsel.