Filing Summary
Business Context and Reporting Period
This Form 8-K was filed by Legato Merger Corp. II, a special purpose acquisition company, on December 20, 2021. The provided filing does not identify Southland Holdings, Inc. as the registrant.
Material Event
Beginning on or about December 22, 2021, holders of Legato’s units were expected to trade the underlying common stock and redeemable warrants separately on Nasdaq Global Market.
- Common stock symbol: LGTO
- Redeemable warrant symbol: LGTOW
- Unit symbol: LGTOU; units not separated were expected to remain listed under this symbol.
- Each warrant is exercisable for one share of common stock at an exercise price of $11.50 per share.
- No fractional warrants would be issued upon separation; only whole warrants would trade.
Financial Metrics and Liquidity
This filing does not provide revenue, profit, cash flow, margins, debt, liquidity, balance-sheet data, or other operating financial metrics.
Guidance, Outlook, Risks, and Unusual Items
The filing contains no financial guidance or management outlook. The principal disclosed item is the planned separation and commencement of separate trading for the common stock and warrants. The filing includes a related press release as Exhibit 99.1.
Investor Verification Items
- Verify the correct registrant and whether this filing is relevant to Southland Holdings, Inc.; the filing names Legato Merger Corp. II.
- Confirm the effective date of separate trading and the applicable Nasdaq symbols.
- Review the warrant terms, including the $11.50 exercise price and whole-warrant trading requirement.
- Review Exhibit 99.1 and the company’s other SEC filings for transaction terms, trust account information, redemption provisions, and financial condition.