Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SLND | Common stock | Other | -32.4K | -1.85% | 1.72M | Feb 14, 2023 | By Pratt Capital I, LP | F1, F2 | ||
holding | SLND | Common stock | 484K | Feb 14, 2023 | By Pratt Capital LLC | F3 | |||||
holding | SLND | Common stock | 150K | Feb 14, 2023 | Direct |
Id | Content |
---|---|
F1 | The reporting person transferred an aggregate of 32,446 shares of the Issuer's common stock to certain third parties in connection with the transactions contemplated by the Agreement and Plan of Merger, dated as of May 25, 2022 ("Merger Agreement"), by and among the Issuer, Southland Holdings LLC, a Texas limited liability company, and Legato Merger Sub, Inc., a Delaware corporation and a direct, wholly-owned subsidiary of the Issuer. The transfers were made to induce certain holders not to seek redemption of their shares in connection with the transactions contemplated by the Merger Agreement and to induce the members of Southland to consummate the transactions contemplated by the Merger Agreement. |
F2 | These securities are owned by Pratt Capital I, LP, of which the Reporting Person is Manager of the General Partner. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. |
F3 | These securities are owned by Pratt Capital LLC, of which the Reporting Person is a Member and Manager of the Manager. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. |