Legato Merger Corp.’s Quiet Period To Expire on March 4th (OTCMKTS:LEGOU)

Legato Merger’s (OTCMKTS:LEGOU) quiet period will expire on Wednesday, March 4th. Legato Merger had issued 20,000,000 shares in its IPO on January 23rd. The total size of the offering was $200,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Legato Merger Stock Up 1.9%

Shares of LEGOU opened at $14.58 on Friday. Legato Merger has a twelve month low of $9.96 and a twelve month high of $15.15. The firm’s 50 day moving average price is $14.58 and its two-hundred day moving average price is $14.58.

Legato Merger Company Profile

Legato Merger Corp. does not have significant operations. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. The company was founded in 2020 and is based in New York, New York.