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.
Israeli tech firms have made up an outsized proportion of SPAC activity and despite the ongoing tensions in its region, that dealmaking is continuing unabated. In fact, the SPAC named for the particular mission of taking Israeli firms public through SPACs, Israel Acquisition Corp. (NASDAQ:ISRL) in fact just took one step closer in completing that...
At the SPAC of Dawn Although the market has largely recovered from a negative stretch last week, the roller coaster is tilted back downward for Trump Media (NASDAQ:DJT), which slid -8% yesterday to $32.57 – one of its lowest points since closing with Digital World last month. Other SPACs and de-SPACs are having a more...
Remember the metaverse? Many do not. Meta’s (NASDAQ:META) attempted transition to virtually living and working seemed to mark a trend that went up and down quickly, but one SPAC deal has both survived that roller coaster and may rise with a second. Back in December 2022, Newbury Street (NASDAQ:NBST) announced a $1.85 billion combination with...
At the SPAC of Dawn Tucked into the bill that provides $95 billion in funding to American allies passed by the House this weekend is another measure that is likely to have far more impact on at least one pending deal in SPAC world. It would appear that the timing was fortuitous for TikTok rival...
With the passage this weekend of $95 billion in funding for Ukraine, Israel and Taiwan by the House of Representatives, some focus has gone back towards the defense sector, which has generally had a good year as a whole. But, SPACs have not been as active in defense, despite the fact that companies in the...