Southland Holdings receives $14M in surety advances; seeking financing resolution

Southland Holdings, Inc.

Berkshire Hathaway Specialty Insurance advanced ~$14M of up to $30M under general indemnity agreement.
Company obligated to indemnify and reimburse Surety for these funds.
Working with Callodine Commercial Finance and lenders to determine impact on existing credit agreement.
Seeking additional surety funds and long-term financing arrangement; no assurances of resolution.

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