Southland Holdings Receives NYSE American Notice of Non‑Compliance (Equity Deficit)

What Happened

• Southland Holdings, Inc. (ticker: SLND; warrants: SLND WS) announced on Sept 25, 2026 that it received a Notice from NYSE Regulation (NYSE American) on Sept 23, 2026 stating the company is not in compliance with the NYSE American continued listing standards (Sections 1003(a)(i) and 1003(a)(ii)).
• The Notice cites a stockholders’ deficit of $248.2 million at June 30, 2026 and that the company reported net losses in each of the last three fiscal years. The company’s shares and warrants remain listed and tradable while it addresses the issue.

Key Details

• Stockholders’ deficit: $248.2 million as of June 30, 2026.
• Reported net losses in the last three fiscal years (making it ineligible for the equity exemptions in Section 1003(a)).
• Deadline to submit a compliance plan to NYSE Regulation: October 23, 2026.
• Compliance cure period end date if a plan is accepted: March 23, 2028; failure to submit an acceptable plan or to regain compliance may trigger delisting proceedings (with an appeal process available).

Why It Matters

• The Notice signals a material listing-risk issue: unless Southland convinces NYSE American it can restore required stockholders’ equity, the company could face delisting, which would reduce liquidity and could affect shareholder value.
• For now, trading continues and the Notice does not change the company’s SEC reporting obligations or operations; investors should watch for the company’s October 23, 2026 plan filing and updates on progress toward the March 23, 2028 compliance deadline.