Legato Merger Corp.’s Lock-Up Period Will End on July 22nd (NYSEAMERICAN:LEGO)

Legato Merger’s (NYSEAMERICAN:LEGO) 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. After the expiration of Legato Merger’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Legato Merger Stock Performance

LEGO stock opened at $9.97 on Friday. The company’s 50-day simple moving average is $9.92 and its 200 day simple moving average is $10.43. Legato Merger has a 52 week low of $9.80 and a 52 week high of $9.98.

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.