Southland Holdings, Inc. Form 8-K Summary
Business Context and Reporting Period
Southland Holdings, Inc. filed a Current Report on Form 8-K dated February 17, 2023. The filing concerns the planned voluntary transfer of the listing of its common stock and redeemable warrants from The Nasdaq Stock Market LLC to NYSE American LLC. It is not a periodic financial report.
Financial Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other operating or financial performance metrics.
Material Changes
- The Company notified Nasdaq on February 17, 2023, of its intent to voluntarily transfer the listing of its common stock and redeemable warrants to NYSE American.
- The securities were expected to be delisted from Nasdaq at the close of trading on March 1, 2023, and begin trading on NYSE American on March 2, 2023, subject to completion of the transfer.
- The common stock ticker was expected to remain SLND, and the warrant ticker was expected to remain SLNDW.
- The common stock has a par value of $0.0001 per share. The redeemable warrants have an exercise price of $11.50 per share.
Outlook, Risks, and Unusual Items
The filing does not include financial guidance or management commentary regarding operations. Until the transfer was completed, the securities were expected to continue trading on Nasdaq. Investors should consider the execution and timing risk associated with the planned listing transfer, although the securities had been authorized for listing on NYSE American.
Important Facts to Verify
- Confirm that Nasdaq trading ceased at the close of trading on March 1, 2023.
- Confirm that trading on NYSE American commenced on March 2, 2023, under the same ticker symbols.
- Review Exhibit 99.1, the February 17, 2023 press release, for additional details.
- Obtain the Company’s applicable periodic filings for current financial performance, liquidity, debt, and outlook information.