SLND · Southland Holdings, Inc.

On March 27, 2026, American Bridge Company, a wholly owned subsidiary of Southland Holdings, Inc., finalized a comprehensive Settlement Agreement addressing long-standing disputes from the Washington State Convention Center expansion project in Seattle. This agreement with Clark/Lewis JV, Sureties, WSCC, and litigation counsel terminates the King County Superior Court litigation (Cause No. 22-2-19603-3 SEA), where American Bridge and Sureties faced a $57.1 million Merits Judgment, already satisfied by Sureties at $57.8 million including interest. The additional $26.5 million payment by Sureties—split into $25.5 million for Clark/Lewis's costs, fees, and prejudgment interest, and $1.0 million for American Bridge's sanctions share—closes most claims via mutual releases, judgment satisfaction, and prejudiced dismissals. Notably, rights are preserved for American Bridge's ongoing sanctions appeal. For investors, this aligns with prior financial estimates in the March 26, 2026 10-K, avoiding surprises, while Sureties' forbearance until March 27, 2027, and pending long-term financing negotiations provide repayment breathing room without immediate cash strain on the Company.