Legato Merger Corp. II (LGTOU) Prices Upsized $240M IPO

Legato Merger Corp. II announced the pricing of its upsized $240 million IPO and its units are expected to begin trading on the NASDAQ under the symbol “LGTOU” Monday, November 22.

The new SPAC intends to initially focus on target businesses in the infrastructure, engineering and construction, industrial, and renewables industries. Legato II is led by Gregory Monahan, Chief Executive Officer and Director, Eric S. Rosenfeld, Chief SPAC Officer, Adam Jaffe, Chief Financial Officer, and Secretary, Brian Pratt, Chairman of the Board, David D. Sgro, Vice Chairman of the Board, and Adam Semler, Ryan Hummer, D. Blair Baker, John Ing, and Craig Martin, each a Director of the Company.

Total SPAC deal count for 2021 year-to-date is now 555. This offering is expected to close on Wednesday, November 24.

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