Southland Holdings, Inc. (NYSE American: SLND) has amended a financial assistance agreement to extend the deadline for issuing senior non-voting preferred shares. The company, a Delaware corporation based in Grapevine, Texas, entered into the Second Amendment to the Financial Assistance Agreement on November 11, 2026. This agreement governs the financing provided by sureties for bonded construction contracts.
The amendment modifies the timeline for the conversion of certain Non-Bonding Financing into Preferred Shares. Previously, the Preferred Shares were required to be issued no later than November 13, 2026. Under the terms of the new agreement, the issuance deadline has been extended to no later than December 18, 2026.
The Second Amendment was executed by Southland Holdings, Inc., Southland Holdings LLC, related individual shareholder indemnitors, the Sureties, and Berkshire Hathaway Specialty Insurance Company, which serves as the collateral agent. Other parties named in the agreement include Zurich American Insurance Company, Hartford Fire Insurance Company, Euler Hermes North America Insurance Company, Markel Insurance Company, Western Surety Company, and Federal Insurance Company.
In conjunction with the filing, Southland released its financial results for the quarter ended September 30, 2026. The company reported revenue of $233.8 million for the period, compared to $213.3 million in the prior year. Net income attributable to stockholders was $33.7 million, or $0.62 per diluted share, a significant improvement from a net loss of $75.3 million, or $(1.39) per share, in the same quarter of 2025.
The company also reported a backlog of $1.71 billion as of September 30, 2026. The filing includes a copy of the Second Amendment as Exhibit 10.1 and the press release detailing the third-quarter results as Exhibit 99.1.
