Southland Holdings and Legato Merger Corp. II Announce Merger
NEW YORK and GRAPEVINE, Texas, May 25, 2022 (GLOBE NEWSWIRE) -- Privately held Southland Holdings, LLC ("Southland"), and Legato Merger Corp. II (NASDAQ:LGTO, LGTOU and LGTOW))) ("Legato II"), a special purpose acquisition company, today jointly announced that they have signed a definitive agreement for a business combination transaction (the "Business Combination"), which would result in Southland becoming a direct wholly-owned subsidiary of Legato II. As a wholly-owned subsidiary of Legato II, Southland will continue to execute its growth strategies under the leadership of Southland's current management. Legato II's Board of Directors will include five directors designated by Southlan
