Legato Merger Corp.’s (OTCMKTS:LEGOU) Lock-Up Period Set To End on July 22nd

Legato Merger’s (OTCMKTS:LEGOU) lock-up period will expire on Wednesday, July 22nd. Legato Merger had issued 20,000,000 shares in its initial 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 expiration of the lock-up period.

Legato Merger Trading Up 1.9%

Shares of LEGOU stock opened at $14.58 on Wednesday. The stock has a 50 day simple moving average of $14.58 and a 200 day simple moving average of $14.58. Legato Merger has a 1 year low of $9.96 and a 1 year high of $15.15.

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.