Southland Announces Trading Under New Symbols

Rhea-AI Summary

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.

Positive

• Common stock and warrants of Southland now listed on Nasdaq.
• New ticker symbols SLND and SLNDW in effect.
• Successful merger enhancing corporate structure and branding.

Negative

• None.

GRAPEVINE, Texas, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Southland Holdings, Inc. (“Southland”) announced today the company’s common stock and warrants have begun trading on Nasdaq under new symbols “SLND” and “SLNDW,” respectively. As announced in a previous press release, Nasdaq requested additional information relating to Southland meeting certain listing requirements pursuant to the Nasdaq Rules. Nasdaq representatives have confirmed that Southland met those requirements and the new tickers have begun trading.

About Southland

Southland is a leading provider of specialized infrastructure construction services across North America including bridges, tunneling, transportation and facilities, marine, steel structures, water and wastewater treatment, and water pipeline end markets. With roots dating back to 1900, Southland and its subsidiaries form one of the largest infrastructure construction companies in North America, with experience throughout the world. Southland is headquartered in Grapevine, Texas.

On February 14, 2023, Southland consummated the Business Combination contemplated by the Merger Agreement. Pursuant to the terms of the Merger Agreement, a subsidiary of Southland merged with and into Southland Holdings LLC, with Southland Holdings LLC surviving the merger as a wholly-owned subsidiary of Southland. The Southland Holdings LLC management team remained in place upon the closing of the Business Combination. At such time, Southland (formerly known as Legato Merger Corp. II) changed its name changed to Southland Holdings, Inc.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on Southland’s current beliefs, expectations and assumptions regarding the future of Southland’s business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Southland’s control. Southland’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements.

Any forward-looking statement made by Southland in this press release is based only on information currently available to Southland and speaks only as of the date on which it is made. Southland undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Southland Contacts:

Cody Gallarda
EVP, Chief Financial Officer
cgallarda@southlandholdings.com

Alex Murray
Corporate Development & Investor Relations
amurray@southlandholdings.com

FAQ

When did Southland start trading on Nasdaq?

Southland began trading on Nasdaq on February 16, 2023.

What are the new ticker symbols for Southland on Nasdaq?

The new ticker symbols for Southland are SLND for common stock and SLNDW for warrants.

What significant event happened on February 14, 2023, for Southland?

On February 14, 2023, Southland completed a merger, changing its name from Legato Merger Corp. II to Southland Holdings, Inc.

What industries does Southland operate in?

Southland operates in specialized infrastructure construction, including water treatment, tunneling, and marine construction.