regulatory
confidence high
sentiment negative
materiality 0.80
Southland Holdings gets NYSE American noncompliance notice; $248.2M stockholders' deficit threatens listing
Southland Holdings, Inc.
- On September 23, 2026 Southland Holdings received notice from NYSE Regulation that it fails NYSE American Company Guide Sections 1003(a)(i) and 1003(a)(ii) equity standards.
- Company reported stockholders' deficit of $248.2 million at June 30, 2026 and net losses in its last three fiscal years; it is not eligible for any Section 1003(a) exemption.
- Southland must submit a plan by October 23, 2026 to regain compliance by March 23, 2028; failure to submit or NYSE acceptance would start delisting proceedings.
- Shares and warrants continue trading on NYSE American as SLND and SLND WS during the cure period, subject to other listing requirements.
- Press release dated September 25, 2026 signed by President and CEO Frank S. Renda; company says the notice does not affect business operations or SEC reporting.