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Get to know Legato Merger Corp II

Legato Merger Corp II was a "blank check" company, also known as a special purpose acquisition company (SPAC), incorporated in Delaware. Led by CEO Eric Rosenfeld and President & CFO David Sgro, the company was formed to raise capital through an initial public offering (IPO) to acquire an existing private company, thereby taking it public. The company successfully raised approximately $205 million in its IPO in November 2021. Its acquisition strategy focused on businesses primarily in the infrastructure, engineering and construction, industrial, and renewables sectors in North America. In October 2023, Legato Merger Corp II completed its business combination with Southland Holdings, LLC, a leading provider of specialized infrastructure construction services. The combined entity was renamed Southland Holdings, Inc. and began trading on the NYSE American under the ticker "SLND".

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Legato Merger Corp II

United States

Founded in

2021 (5 Years)

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Last online: No recent activity

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Markets.com

(327 reviews)

United States

2008

(18 years)

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A Grade License

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B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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