Legato Merger Corp.’s (NYSEAMERICAN:LEGO) Lock-Up Period Will Expire Tomorrow

Legato Merger’s (NYSEAMERICAN:LEGO) lock-up period will expire on Wednesday, July 22nd. Legato Merger had issued 20,000,000 shares in its public offering on January 23rd. The total size of the offering was $200,000,000 based on an initial share price of $10.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Legato Merger Price Performance

Shares of NYSEAMERICAN LEGO opened at $9.96 on Tuesday. Legato Merger has a fifty-two week low of $9.80 and a fifty-two week high of $9.98. The business has a 50-day simple moving average of $9.92 and a two-hundred day simple moving average of $10.41.

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.