Southland Holdings (SLND) announced the conversion of $20M of certain promissory notes due to members of management to common stock. After the market close on December 27, Southland agreed to issue an aggregate of 5,830,899 shares of common stock at a price per share of $3.43 to Frank Renda, President and CEO, Rudy Renda, Co-COO and Executive Vice President, and Tim Winn, Co-COO and Executive Vice President in exchange for an aggregate of $20M in outstanding amounts under certain promissory notes.
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