Local Bounti wins NYSE extension to Aug 5, 2027 to cure $50M market-cap listing deficiency

Local Bounti Corporation/DE

NYSE accepted Local Bounti's Oct 20, 2026 request, extending the Nov 5, 2026 deadline by nine months to Aug 5, 2027 — the maximum 18-month cure period allowed.
Original Feb 5, 2026 notice: 30-trading-day average global market cap below $50M while last reported stockholders' equity was also below $50M, per Section 802.01B.
To regain compliance by Aug 5, 2027, the company needs either a 30-day average global market cap of at least $50M or stockholders' equity of at least $50M.
LOCL common stock continues trading on the NYSE during the cure period, subject to quarterly NYSE review; NYSE could begin suspension/delisting early if progress is deemed insufficient.
Local Bounti says it is considering all available options and can provide no assurances it will regain compliance or maintain the NYSE listing.

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