---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-23-001482"
form_type: "8-K"
ticker: "SLND"
cik: "0001883814"
company_name: "Southland Holdings, Inc."
filed_at: "2023-02-14T23:59:59+00:00"
generated_at: "2026-06-19T14:36:22.358847+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001829126-23-001482
- form_type: 8-K
- ticker: SLND
- cik: 0001883814
- company_name: Southland Holdings, Inc.
- filed_at: 2023-02-14T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1883814/000182912623001482/0001829126-23-001482-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883814/000182912623001482/legatomerger2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-23-001482
- JSON: https://secwatch.observer/filing/0001829126-23-001482.json
- Plain text: https://secwatch.observer/filing/0001829126-23-001482.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.