According to the latest documents disclosed by the U.S. Securities and Exchange Commission (SEC), Southland Holdings has reached a settlement agreement.

According to the terms of the agreement, the relevant guarantors will make an additional settlement payment of $26.5 million to Clark/Lewis. This payment arrangement is part of the settlement previously reached between the two parties, marking further resolution of the related dispute. The payment will be executed according to the conditions and schedule stipulated in the agreement.