Certain Common Stock of Legato Merger Corp. II are subject to a Lock-Up Agreement Ending on 22-MAY-2022.
May 21, 2022
Share
Certain Common Stock of Legato Merger Corp. II are subject to a Lock-Up Agreement Ending on 22-MAY-2022. These Common Stock will be under lockup for 181 days starting from 22-NOV-2021 to 22-MAY-2022.
Details:
All of the founders' shares outstanding prior to the date of this prospectus will be placed in escrow with American Stock Transfer & Trust Company, as escrow agent, until the earlier of 180 days after the date of the consummation of initial business combination and the date on which the closing price of common stock equals or exceeds $12.50 per share (as adjusted for share splits, share dividends, reorganizations and recapitalizations) for any 20 trading days within any 30 -trading day period commencing after initial business combination, or earlier if, subsequent to initial business combination, consummate a liquidation, merger, stock exchange or other similar transaction which results in all of stockholders having the right to exchange their shares of common stock for cash, securities or other property. Up to 750,000 of the founders' shares may also be released from escrow earlier than this date for cancellation if the over -allotment option is not exercised in full as described above.
Southland Holdings, Inc. is a provider of specialized infrastructure construction services. The Company's segments include Civil and Transportation. The Civil segment operates throughout North America and specializes in services that include the design and construction of water pipeline, pump stations, lift stations, water and wastewater treatment plants, concrete and structural steel, outfall, and tunneling. The Transportation segment operates throughout North America and specializes in services that include the design and construction of bridges, roadways, marine, dredging, ship terminals and piers, and specialty structures and facilities. The Company's customers include public and private entities. Its public sector customers include certain federal agencies, state departments of transportation, local transit authorities, county and city public works departments, and utilities. The Company's private customers consist of the owners of industrial, commercial and residential sites.
SOUTHLAND HOLDINGS, INC. 
