Local Bounti Corporation/DE 8-K

What Happened
Local Bounti Corporation announced it received a written notice from the New York Stock Exchange on February 5, 2026, notifying the company that it does not meet the NYSE Listed Company Manual Rule 802.01B minimum market capitalization standard. The notice states Local Bounti’s average global market capitalization over a consecutive 30 trading‑day period was below $50 million and its last reported stockholders’ equity was also below $50 million. The company filed a press release on February 11, 2026 and intends to submit a plan to the NYSE to regain compliance.

Key Details

• Date of NYSE notice: February 5, 2026. Press release filed February 11, 2026 (Exhibit 99.1).
• Deficiency: average global market capitalization < $50 million and last reported stockholders’ equity < $50 million (Rule 802.01B).
• Timeline: Local Bounti has 45 days to submit a cure plan and up to nine months (the Market Capitalization Cure Period) to regain compliance if the plan is accepted.
• Trading status: Common stock will continue to trade on the NYSE during the cure period, subject to ongoing NYSE review and other listing standards.

Why It Matters
This is a material regulatory notice that puts Local Bounti at risk of delisting if it cannot demonstrate a reasonable plan and progress to restore the required market capitalization and equity levels. For investors, the key near‑term risks are potential downward pressure on the stock if the market views the chance of delisting as elevated, and uncertainty until the NYSE reviews and either accepts the company’s plan or takes further action. The company said it is considering options to regain compliance but provided no assurance it will succeed.