Southland Holdings SPAC Presentation Deck
CONTINGENT CONSIDERATION ALIGNS
INCENTIVES WITH PUBLIC SHAREHOLDERS
2022
Earnings Based
Incentive
2023
Earnings Based
Incentive
Size (Shares)
3.45mm
1.72mm
3.45mm
1.72mm
Structure
Receive if 2022 Adjusted EBITDA is $125
million or above (2022 "Base" Earnout)
Receive if 2022 Adjusted EBITDA is
$145 million or above (2022 "Bonus" Earnout)
Receive if 2023 Adjusted EBITDA is
$145 million or above (2023 "Base" Earnout)
Receive if 2023 Adjusted EBITDA is
$165 million or above (2023 "Bonus" Earnout)
BUILDING GREAT THINGS
■
Rationale
Compensates Southland
shareholders for delivering upon
stated earnings targets in 2022 &
2023
■ "Bonus" Earnouts provide
Southland shareholders with
compensation for outperformance
of "Base" targets in 2022 & 2023
Aligns Southland shareholders and
public shareholders for the long-
term upside and delivery of key
initiatives
LEGATO 10
MERGER CORP ||View entire presentation