Welcome to our dedicated page for Southland Holdings news (Ticker: SLND), a resource for investors and traders seeking the latest updates and insights on Southland Holdings stock.
Southland Holdings, Inc. (SLND) is a multi-faceted industry leader, recognized as one of the world’s largest heavy civil construction firms. The company operates through a family of five companies: Southland Contracting, Oscar Renda Contracting, Johnson Bros., Mole Constructors, and Heritage Asphalt. With thousands of professionals stationed globally, Southland Holdings delivers projects across the United States, Canada, the Middle East, and Africa.
Southland Holdings specializes in infrastructure construction projects ranging from water conveyance systems and tunnels to long-span bridges and vertical structures. The company’s leaders combine a deep understanding of the construction industry with a forward-thinking vision, contributing to its impressive growth and over $2 billion in active projects.
In recent developments, Southland Holdings' President and CEO, Frank Renda, stated that the quarter's results show a positive impact from newly awarded projects in both the Civil and Transportation segments. Despite a decline in consolidated revenues compared to the same period last year, the core business maintained strong margins, offset by legacy projects with lower margins. The company sees elevated bidding opportunities, expected to continue into 2024, driven by funds from the Infrastructure Investment and Jobs Act (IIJA) allocated towards critical infrastructure projects across the country.
Southland Holdings is known for its resourcefulness and multi-faceted approach, leveraging extensive design, construction, and management expertise to build in some of the world's most challenging conditions. By self-performing many of its operations, the company ensures high quality and efficiency in its project delivery.
Southland Holdings, Inc. (NASDAQ: SLND, SLNDW) will ring the Opening Bell at the NYSE on March 2, 2023, marking its listing on the NYSE American exchange. CEO Frank Renda expressed excitement about this milestone, highlighting the teamwork that led to this achievement. Southland, established in 1900, is a prominent infrastructure construction service provider, specializing in bridges, tunneling, steel structures, and water treatment markets. The company anticipates its common stock and warrants to commence trading on the NYSE American under the ticker symbols SLND and SLNDW, respectively.
Southland Holdings, Inc. (NASDAQ: SLND, SLNDW) is set to transfer its common stock and listed warrants to the NYSE American from the Nasdaq. This transition is scheduled to conclude on March 1, 2023, with trading on the NYSE American starting March 2, 2023. Southland operates as a prominent infrastructure construction service provider in North America, focusing on various sectors, including bridges, tunneling, and water treatment. The company recently completed a business combination as per its Merger Agreement, integrating Southland Holdings LLC as its wholly-owned subsidiary. The management team remains unchanged post-merger.
Southland Holdings announced that its common stock and warrants are now trading on Nasdaq under new symbols SLND and SLNDW. This transition follows a successful review of the company’s compliance with Nasdaq listing requirements. Southland, a major player in infrastructure construction since 1900, focuses on various markets, including water treatment and marine structures. On February 14, 2023, the company completed a merger that resulted in the rebranding from Legato Merger Corp. II to Southland Holdings, Inc., with its existing management team continuing post-merger.
On February 14, 2023, Southland Holdings consummated its Business Combination as per the Merger Agreement dated May 25, 2022. Following this merger, trading of Southland’s securities on Nasdaq was halted pending additional information related to Nasdaq's listing requirements. Southland is in communication with Nasdaq to resolve this and expects its trading symbols to be updated to 'SLND' for common stock and 'SLNDW' for warrants by February 16, 2023. If Southland fails to meet listing requirements, it may face delisting but plans to appeal any negative decisions. Southland is a prominent infrastructure construction services provider in North America.
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