Local Bounti receives NYSE delisting notice for failing minimum market cap standard

Local Bounti Corporation/DE

Average global market cap below $50M over 30 consecutive trading days; stockholders' equity also under $50M.
Company has 45 days to submit a plan to regain compliance within a 9-month cure period.
NYSE will review the plan; stock continues trading during cure period but no assurance of compliance.
Company is considering all options but can provide no guarantee of maintaining NYSE listing.

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