Legato Merger Corp. IV Prices $200 Million IPO

IPO Pricing and Market Debut

Legato Merger Corp. IV has officially priced its initial public offering, raising gross proceeds of $200 million. The company offered 20 million units at a price of $10.00 per unit.

Trading is set to begin on the NYSE American exchange on January 23, 2026, under the ticker symbol "LEGO U".

Offering Details and Structure

Each unit sold in the IPO consists of one ordinary share and one-third of one redeemable warrant. Each whole warrant gives the holder the right to purchase one ordinary share at an exercise price of $11.50 per share.

Once the securities comprising the units begin separate trading, the ordinary shares and warrants are expected to be listed under the symbols "LEGO" and "LEGO WS" respectively.

Company Strategy and Target Sectors

Legato Merger Corp. IV is a special purpose acquisition company, or SPAC, incorporated in the Cayman Islands. Its primary purpose is to effect a merger, acquisition, or similar business combination.

The company intends to focus its search for a target business within the infrastructure, industrial, artificial intelligence, and technology industries.

Summary and Next Steps

The successful pricing of this IPO marks a significant step for the blank-check company. The U.S. Securities and Exchange Commission declared the company's registration statement effective on January 22, 2026. BTIG, LLC is acting as the sole book-running manager for the offering and has a 45-day option to purchase up to an additional 3 million units to cover any over-allotments.

FAQ

Q: What is Legato Merger Corp. IV?
A: It is a special purpose acquisition company, also known as a SPAC, formed to pursue a merger, acquisition, or business combination.

Q: How much did the company raise in its IPO?
A: The company raised $200 million by offering 20 million units at a price of $10.00 per unit.

Q: Which sectors is Legato Merger Corp. IV targeting?
A: It plans to focus on businesses in the infrastructure, industrial, artificial intelligence, and technology sectors.

Source: Investing.com