Local Bounti Risks NYSE Delisting, Explores Compliance Solutions

Local Bounti Corporation (LOCL) has provided an announcement.

Local Bounti Corporation has been notified by the NYSE of non-compliance with the Minimum Market Capitalization Standard after its market capitalization and stockholders’ equity fell below $50 million. The company is planning to submit a compliance plan within 45 days and has up to 18 months to rectify the situation or face potential delisting. The stock continues to trade as usual while the company explores all options to meet the standards and there is no guarantee of maintaining its NYSE listing.

For detailed information about LOCL stock, go to TipRanks’ Stock Analysis page.