secwatch.observer — SEC 8-K summary
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Issuer:     Local Bounti Corporation/DE (LOCL)
CIK:        0001840780
Form:       8-K
Filed at:   2023-03-03T23:59:59+00:00
Accession:  0001840780-23-000005
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 sub-$1.00 stock price
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- NYSE notified Local Bounti on Feb 28, 2023 that average closing price was below $1.00 over 30 consecutive trading days.
- Company has six months from notice to regain compliance; no immediate delisting effect.
- Local Bounti may pursue a reverse stock split, subject to stockholder approval, to cure deficiency.
- Common stock (LOCL) and warrants (LOCL WS) continue trading on NYSE during cure period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840780/000184078023000005/0001840780-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840780/000184078023000005/locl-20230303.htm
  HTML page:      https://secwatch.observer/filing/0001840780-23-000005

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