Southland Holdings Receives NYSE American Non-Compliance Notice

On September 23, 2026, Southland Holdings, Inc. (NYSE:SLND) (the "Company") received notification (the "Notice") from NYSE Regulation of the NYSE American LLC ("NYSE American") that the Company is no longer in compliance with NYSE American’s continued listing standards. Specifically, the Notice states that the Company is not in compliance with the continued listing standards set forth in Sections 1003(a)(i) and 1003(a)(ii) of the NYSE American Company Guide (the "Company Guide"). Section 1003(a)(i) requires a listed company to have stockholders’ equity of $2.0 million or more if the listed company has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years. Section 1003(a)(ii) requires a listed company to have stockholders’ equity of $4.0 million or more if the listed company has reported losses from continuing operations and/or net losses in three of its four most recent fiscal years. The Company reported stockholders’ deficit of $248.2 million at June 30, 2026, and had reported net losses in its last three fiscal years. The Company is also not currently eligible for any exemption in Section 1003(a) of the Company Guide from the stockholders’ equity requirements.The Company must submit a plan by October 23, 2026, advising NYSE Regulation of actions the Company has taken or will take to regain compliance with the continued listing standards by March 23, 2028. The Notice has no immediate impact on the listing of the Company’s shares of common stock and warrants, which will continue to be listed and traded on the NYSE American under the symbols "SLND" and "SLND WS," respectively, during this period, subject to the Company’s compliance with the other listing requirements of the NYSE American.The Company intends to submit a plan to NYSE Regulation by October 23, 2026, outlining the actions it has taken or intends to take to regain compliance with the continued listing standards. If NYSE Regulation accepts the Company’s plan, the Company expects to be able to continue its listing during the plan period and will be subject to continued periodic review by the NYSE Regulation staff. If the Company does not submit a plan or if the plan is not accepted, delisting proceedings will commence. Furthermore, if the plan is accepted but the Company is not in compliance with the continued listing standards by March 23, 2028, or if the Company does not make progress consistent with the plan during the plan period, NYSE Regulation staff will initiate delisting proceedings as appropriate. The Company may appeal a staff delisting determination in accordance with Section 1010 and Part 12 of the Company Guide. The receipt of the Notice does not affect the Company’s business operations or its reporting obligations with the SEC.