Local Bounti’s plan to regain listing compliance accepted by NYSE

Local Bounti received notification that the NYSE has accepted the company’s previously-submitted plan to regain compliance with the NYSE’s continued listing standards. The NYSE granted the company an 18-month period from the company’s receipt of the NYSE’s April 3 notice of noncompliance to regain compliance with the continued listing standards. The company will be subject to quarterly reviews by the NYSE during the Plan Period for compliance with the goals and initiatives in the Plan. If the company does not regain compliance with the NYSE listing standards by the end of the Plan Period, or if the Company does not make sufficient progress consistent with the Plan, then the NYSE may initiate delisting proceedings. The company’s stock will continue to be listed on the NYSE during the Plan Period.