Southland Holdings, Inc.: enters into first amendment to financial assistance agreement

What happened Southland Holdings, Inc. reported that on Sep 30, 2026 it entered into the first amendment to its Financial Assistance Agreement (the “First Amendment”). The Financial Assistance Agreement governs terms under which certain sureties provide financing assistance for bonded construction contracts and allows conversion of certain Non-Bonding Financing into senior non-voting preferred shares (the “Preferred Shares”). Under the First Amendment, the date by which the Preferred Shares are required to be issued was extended from Sep 30, 2026 to no later than Nov 13, 2026.

Key details

• The First Amendment was entered into on Sep 30, 2026 among Southland Holdings, Inc., related entities, certain individual shareholder indemnitors, the Sureties and Berkshire Hathaway Specialty Insurance Company, as collateral agent.
• The Financial Assistance Agreement treats any surety providing financing but not bonds as providing “Non-Bonding Financing.”
• The agreement provides for conversion of certain Non-Bonding Financing into senior non-voting Preferred Shares pursuant to a Preferred Shares Term Sheet.
• Prior to the First Amendment, the Preferred Shares were required to be issued no later than Sep 30, 2026; the amendment extends that date to Nov 13, 2026.

Why it may matter This report was made under Item 1.01 (entry into a material definitive agreement) and covers an amendment to the company’s Financial Assistance Agreement concerning sureties, Non-Bonding Financing and the issuance of Preferred Shares. A filing does not show why the insider traded or why the company acted.