Recent Updates — SLND

Southland Holdings amended its Financial Assistance Agreement with sureties, extending the mandatory issuance date of senior non-voting preferred shares from September 30 to no later than November 13, 2026. The amendment delays the conversion of certain Non-Bonding Financing into equity. Southland Holdings operates in the construction and bonding industry.

Southland Holdings' subsidiary American Bridge settled litigation regarding the Washington State Convention Center project by paying $5 million to Liberty Mutual Insurance Company on or before September 30, 2026. This payment resolves approximately $36.4 million in surety losses incurred by Liberty, including roughly $34 million related to a prior adverse judgment against American Bridge. The company preliminarily expects this settlement to favorably impact income before taxes by approximately $29 million in the third quarter of 2026. Southland is also negotiating with Zurich American Insurance Company and Fidelity and Deposit Company of Maryland to resolve remaining surety payables associated with the same judgment. Southland Holdings, Inc. operates as a holding company for construction and infrastructure services through its subsidiary American Bridge.