Legato Merger Corp.’s (OTCMKTS:LEGOU) Quiet Period Set To End on March 4th

Legato Merger’s (OTCMKTS:LEGOU) quiet period will end on Wednesday, March 4th. 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. During Legato Merger’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Legato Merger Trading Up 1.9%

LEGOU opened at $14.58 on Wednesday. Legato Merger has a twelve month low of $9.96 and a twelve month high of $15.15. The company has a fifty day moving average of $14.58 and a 200-day moving average of $14.58.

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.