Legato Chairman buys 484K shares at $10.30 to reduce redemptions ahead of Southland merger

Southland Holdings, Inc.

Brian Pratt purchased 484,436 shares in open market at $10.30/share on Feb 13, 2023.
Purchase price is below the expected redemption price for the pending Southland merger.
As of Feb 13, ~26.3 million shares had been submitted for redemption in connection with the merger.
Pratt will not vote the purchased shares and waived redemption rights; shares remain in trust account.
Purchase reflects insider confidence in Southland's business and aims to conserve trust funds for combined company.

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