Company: SLND-WT
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001558370-25-005565
Chunk: 30

Company: Southland Holdings, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 30
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. There were no installment payments of principal due under the 2018 Rudy Renda Note prior to maturity, and the unpaid principal thereunder, together with outstanding accrued interest, shall become due and payable on November 30, 2023. In March 2024, the Company refinanced the 2018 Rudy Renda Note and accrued interest thereupon due to Mr. Renda into the 2024 Rudy Renda Note (defined below). Mr. Renda serves as Co-Chief Operating Officer and Executive Vice President of the Company. Mr. Renda is also the beneficial owner of more than 5% of the issued and outstanding shares of common stock of the Company.

On March 15, 2024, Southland issued an unsecured promissory note for the principal amount of $2.2 million to Rudy V. Renda (the “2024 Rudy Renda Note”) with a maturity date of March 15, 2027. The 2024 Rudy Renda Note accrued interest at a rate of 7% per annum. Interest under the 2024 Rudy Renda Note was due and payable monthly. There were no installment payments of principal due under the 2024 Rudy Renda Note prior to maturity. In December 2024, the Company exchanged the outstanding balance of the promissory note and accrued interest thereupon due to Mr. Renda in exchange for shares of common stock. Mr. Renda serves as Co-Chief Operating Officer and Executive Vice President of the Company. Mr. Renda is also the beneficial owner of more than 5% of the issued and outstanding shares of common stock of the Company.

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On March 15, 2024, Southland issued an unsecured promissory note for the principal amount of $0.5 million to Tim Winn (the “2024 Tim Winn Note”) with a maturity date of March 15, 2027. The 2024 Tim Winn Note accrued interest at a rate of 7% per annum. Interest under the 2024 Tim Winn Note was due and payable monthly. There were no installment payments of principal due under the 2024 Tim Winn Note prior to maturity. In December 2024, the Company exchanged the outstanding balance of the promissory note and accrued interest thereupon due to Mr. Winn in exchange for shares of common stock. Mr. Winn serves as Co-Chief Operating Officer and Executive Vice President of the Company. Mr. Winn is