secwatch.observer — SEC 8-K summary
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Issuer:     Local Bounti Corporation/DE (LOCL)
CIK:        0001840780
Form:       8-K
Filed at:   2024-04-05T23:59:59+00:00
Accession:  0001193125-24-088526
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840780/000119312524088526/0001193125-24-088526-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840780/000119312524088526/d805670d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-088526

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer