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 IPO 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 Stock Up 1.9%

OTCMKTS LEGOU opened at $14.58 on Friday. The stock’s 50-day moving average price is $14.58 and its 200-day moving average price is $14.58. Legato Merger has a 52 week low of $9.96 and a 52 week high of $15.15.

About Legato Merger

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.