secwatch.observer — SEC 8-K summary
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Issuer:     Local Bounti Corporation/DE (LOCL)
CIK:        0001840780
Form:       8-K
Filed at:   2023-10-20T23:59:59+00:00
Accession:  0001840780-23-000039
Event type: regulatory
Sentiment:  negative
Materiality: 0.60
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

NYSE delists Local Bounti warrants (LOCL WS) due to abnormally low price
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- NYSE halted trading in warrants on Oct 17, 2023 due to low price.
- NYSE notified company on Oct 18 of delisting determination under Section 802.01D.
- Company evaluating whether to appeal the NYSE's delisting determination.
- Common stock (LOCL) continues trading on NYSE unaffected.
- Warrants originally issued when company was SPAC Leo Holdings III Corp.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840780/000184078023000039/0001840780-23-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840780/000184078023000039/locl-20231017.htm
  HTML page:      https://secwatch.observer/filing/0001840780-23-000039

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