secwatch.observer — SEC 8-K summary
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Issuer:     Local Bounti Corporation/DE (LOCL)
CIK:        0001840780
Form:       8-K
Filed at:   2026-11-05T13:37:58+00:00
Accession:  0001628280-26-070640
Event type: regulatory
Sentiment:  negative
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840780/000162828026070640/0001628280-26-070640-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840780/000162828026070640/locl-20261104.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-070640

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