---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-088526"
form_type: "8-K"
ticker: "LOCL"
cik: "0001840780"
company_name: "Local Bounti Corporation/DE"
filed_at: "2024-04-05T23:59:59+00:00"
generated_at: "2026-06-04T01:56:53.982427+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Local Bounti receives NYSE delisting notice for low market cap and equity

## Summary
- NYSE notice: average global market cap <$50M and stockholders' equity <$50M over 30 trading days.
- Company has 45 days to submit a cure plan; if accepted, 18-month cure period.
- Common stock continues trading on NYSE during cure period; no assurance of regaining compliance.
- Local Bounti considering all available options to meet listing standards.

## SEC filing metadata
- accession: 0001193125-24-088526
- form_type: 8-K
- ticker: LOCL
- cik: 0001840780
- company_name: Local Bounti Corporation/DE
- filed_at: 2024-04-05T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840780/000119312524088526/0001193125-24-088526-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840780/000119312524088526/d805670d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-088526
- JSON: https://secwatch.observer/filing/0001193125-24-088526.json
- Plain text: https://secwatch.observer/filing/0001193125-24-088526.txt

## Key facts
- Listing & Compliance Notices
  Local Bounti Corporation/DE received a nyse noncompliance notice notice regarding market value (rules 802.01B).
  - Exchange: nyse
  - Notice: noncompliance notice
  - Deficiency: market value
  - Rules: 802.01B
  source text: April 3, 2024, Local Bounti Corporation (the “Company”) received a written notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) that the Company is not in compliance with the continued listing standards set forth in Rule 802.01B of the NYSE Listed Company Manual (the “Minimum Market Capitalization Standard”) because its average global market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, its last reported stockholders’ equity was less than $50 million. As required by the NYSE, the Company intends to timely notify the NYSE
  evidence_url: https://www.sec.gov/Archives/edgar/data/1840780/000119312524088526/0001193125-24-088526-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.