M&A: Renda Frankie S.
Form Type: SCHEDULE 13D/A
Filing Date: 2024-12-31
Corporate Action: Acquisition
Type: Update
Accession Number: 000110465924132950
Comments: This Amendment No. 2 to Schedule 13D relates to the shares of common stock of Southland Holdings, Inc. Frankie S. Renda has purchased shares on the open market and has acquired additional shares through a Securities Purchase Agreement. On December 27, 2024, Renda received 3,396,233 shares in exchange for the full satisfaction of three promissory notes totaling approximately $11.6 million. This acquisition increases Renda's total beneficial ownership to 27,811,703 shares, representing 51.56% of the company. The amendment provides details about the ownership structure and summarizes the voting and disposal powers over the shares held by various trusts associated with Renda. Mr. Renda serves as a director and executive of the company and retains the right to acquire more shares in the future. An exhibit detailing the Securities Purchase Agreement is included in the filing.
Document Link: View Document
Additional details:
Shareholder Name: Frankie "Frank" S. Renda
Shares Owned: 27811703
Percentage Owned: 51.56
Trust Name: Frank Renda 2015 Irrevocable Trust
Shares Owned: 6140497
Percentage Owned: 11.4
Total Shares Outstanding: 48105512
Acquisition Date: 2024-12-27
Price Per Share: 3.43
Total Debt Paid Off: 11500000