---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-24-008602"
form_type: "8-K"
ticker: "SLND"
cik: "0001883814"
company_name: "Southland Holdings, Inc."
filed_at: "2024-12-30T23:59:59+00:00"
generated_at: "2026-05-28T22:52:08.836281+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Southland converts $20M management promissory notes into 5.83M shares at $3.43

## Summary
- Issued 5,830,899 shares to CEO Frank Renda (3,396,233), COO Rudy Renda (2,215,664), and COO Tim Winn (219,002).
- Conversion price $3.43 per share, using 30-day VWAP (greater of that or closing price on closing date).
- Notes discharged include obligations dating back to 2016, 2023, and 2024; cash paid for fractional shares.
- Transaction strengthens balance sheet by reducing $20M debt, reinforces management confidence, says CEO Frank Renda.
- Shares issued under Section 4(a)(2) / Regulation D private placement; not registered under Securities Act.

## SEC filing metadata
- accession: 0001829126-24-008602
- form_type: 8-K
- ticker: SLND
- cik: 0001883814
- company_name: Southland Holdings, Inc.
- filed_at: 2024-12-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1883814/000182912624008602/0001829126-24-008602-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883814/000182912624008602/southlandhold_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-24-008602
- JSON: https://secwatch.observer/filing/0001829126-24-008602.json
- Plain text: https://secwatch.observer/filing/0001829126-24-008602.txt

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