Legato Chairman Brian Pratt buys 150K shares at $10.30 to reduce redemptions ahead of Southland merger

Southland Holdings, Inc.

Chairman Brian Pratt purchased 150,000 shares at $10.2967 each on Feb 8, 2023.
Approximately 2.7 million shares had been submitted for redemption as of purchase date.
Purchased shares will not be voted and Pratt waived redemption rights; goal is to keep trust funds in merged company.
Purchase price is below the anticipated redemption price; Pratt cited confidence in Southland's business.
Announcement follows SEC declaring S-4 effective on Feb 1, 2023 for the merger vote.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.