Southland Holdings and Legato Merger Corp. II Announce Merger
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Wednesday, May 25, 2022
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NEW YORK and GRAPEVINE, Texas, May 25, 2022 (GLOBE NEWSWIRE) -- Privately held Southland Holdings, LLC (Southland), and Legato Merger Corp. II (NASDAQ: LGTO, LGTOU and LGTOW) (Legato II), a special purpose acquisition company, today jointly announced that they have signed a definitive agreement for a business combination transaction (the Business Combination), which would result in Southland becoming a direct wholly-owned subsidiary of Legato II.
Key Points:
- NEW YORK and GRAPEVINE, Texas, May 25, 2022 (GLOBE NEWSWIRE) -- Privately held Southland Holdings, LLC (Southland), and Legato Merger Corp. II (NASDAQ: LGTO, LGTOU and LGTOW) (Legato II), a special purpose acquisition company, today jointly announced that they have signed a definitive agreement for a business combination transaction (the Business Combination), which would result in Southland becoming a direct wholly-owned subsidiary of Legato II.
- Legato IIs Board of Directors will include five directors designated by Southland and two directors designated by Legato II.
- It is expected that at the time of the Business Combination, Legato II will change its name to Southland Holdings, Inc.
- The definitive proxy statement for Legato II (if and when available) will be mailed to stockholders of Legato II.