Legato Merger Corp. IV Announces Closing of $230,000,000 Initial Public Offering, Including Full Exercise of Underwriters' Over-Allotment Option
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Legato Merger Corp. IV has successfully closed its initial public offering, raising $230 million by selling 23 million units at $10 each, including an over-allotment option. The units are listed on NYSE American under the ticker "LEGO U". Each unit comprises one ordinary share and one-third of a redeemable warrant. The company aims to use the proceeds for a business combination, focusing on sectors like infrastructure and technology. BTIG, LLC was the sole book-running manager for the offering.
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