Legato Merger Corp. (LEGOU) Prices Upsized $205M IPO


Legato Merger Corp. (LEGOU) Prices Upsized $205M IPO

Legato Merger Corp. announced the pricing of its $205 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “LEGOU” Wednesday, January 20.

The new company aims to combine with a business in the renewables, infrastructure, construction or engineering sectors. Legato is led by CEO David D. Sgro, Chief SPAC Officer Eric S. Rosenfeld, Non-Executive Chairman Brian Pratt, and SFO and Secretary Adam Jaffe.

Total SPAC deal count for 2021 year-to-date is now 59 with $16.3 billion in gross proceeds raised. This offering is expected to close on Friday, January 22.

EarlyBirdCapital, Inc. is acting as the sole book running manager for the offering. I-Bankers Securities, Inc. is acting as co-manager. Graubard Miller is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. WithumSmith+Brown PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.