{"id":450118,"date":"2021-03-03T16:48:15","date_gmt":"2021-03-03T21:48:15","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=450118"},"modified":"2021-03-03T16:48:15","modified_gmt":"2021-03-03T21:48:15","slug":"legato-merger-corp-announces-separate-trading-of-its-common-stock-and-warrants","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/legato-merger-corp-announces-separate-trading-of-its-common-stock-and-warrants\/","title":{"rendered":"Legato Merger Corp. Announces Separate Trading of its Common Stock and Warrants"},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEW YORK, March  03, 2021  (GLOBE NEWSWIRE) &#8212; Legato Merger Corp. (NASDAQ:\u00a0LEGOU) (the \u201cCompany\u201d) announced today that, commencing on or about March 4, 2021, holders of its units sold in the Company\u2019s initial public offering may elect to separately trade shares of the Company\u2019s common stock and warrants included in the units. The shares of common stock and warrants that are separated will trade on the Nasdaq Capital Market (\u201cNasdaq\u201d) under the symbols \u201cLEGO\u201d and \u201cLEGOW,\u201d respectively. Those units not separated will continue to trade on Nasdaq under the symbol \u201cLEGOU.\u201d Holders of units will need to have their brokers contact Continental Stock Transfer\u00a0&amp; Trust Company, the Company\u2019s transfer agent, in order to separate the units into shares of common stock and warrants. <\/p>\n<p>Legato Merger Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. The Company\u2019s efforts to identify a prospective target business will not be limited to any particular industry or geographic region, although the Company currently intends to focus on target businesses in the renewables, infrastructure, engineering and construction and industrial industries.<\/p>\n<p>EarlyBirdCapital, Inc. acted as the sole book running manager for the Company\u2019s initial public offering which was consummated in January 2021. I-Bankers Securities, Inc. acted as co-manager. A registration statement relating to the Company\u2019s offer and sale of these securities was filed with the Securities and Exchange Commission (\u201cSEC\u201d) and became effective on January\u00a019, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.<\/p>\n<p>\n        <b>FORWARD-LOOKING STATEMENTS<\/b>\n      <\/p>\n<p>This press release contains statements that constitute \u201cforward-looking statements.\u201d Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company\u2019s registration statement and prospectus for the initial public offering filed with the SEC. Copies are available on the SEC\u2019s website,<u>\u00a0www.sec.gov<\/u>. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.<\/p>\n<p>\n        <b>Contact:<\/b><br \/>\n        <br \/> David D. Sgro<br \/> Chief Executive Officer\u00a0<br \/> Legato Merger Corp.<br \/> 212-319-7676<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NDAyMyM0MDQ3NDg2IzUwMDA3NzExNA==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/41ab8eca-b843-432b-970c-9de72e708092\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, March 03, 2021 (GLOBE NEWSWIRE) &#8212; Legato Merger Corp. (NASDAQ:\u00a0LEGOU) (the \u201cCompany\u201d) announced today that, commencing on or about March 4, 2021, holders of its units sold in the Company\u2019s initial public offering may elect to separately trade shares of the Company\u2019s common stock and warrants included in the units. The shares of common stock and warrants that are separated will trade on the Nasdaq Capital Market (\u201cNasdaq\u201d) under the symbols \u201cLEGO\u201d and \u201cLEGOW,\u201d respectively. Those units not separated will continue to trade on Nasdaq under the symbol \u201cLEGOU.\u201d Holders of units will need to have their brokers contact Continental Stock Transfer\u00a0&amp; Trust Company, the Company\u2019s transfer agent, in order to separate the units into shares of common &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/legato-merger-corp-announces-separate-trading-of-its-common-stock-and-warrants\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Legato Merger Corp. Announces Separate Trading of its Common Stock and Warrants&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-450118","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Legato Merger Corp. Announces Separate Trading of its Common Stock and Warrants - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/legato-merger-corp-announces-separate-trading-of-its-common-stock-and-warrants\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Legato Merger Corp. Announces Separate Trading of its Common Stock and Warrants - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, March 03, 2021 (GLOBE NEWSWIRE) &#8212; Legato Merger Corp. (NASDAQ:\u00a0LEGOU) (the \u201cCompany\u201d) announced today that, commencing on or about March 4, 2021, holders of its units sold in the Company\u2019s initial public offering may elect to separately trade shares of the Company\u2019s common stock and warrants included in the units. The shares of common stock and warrants that are separated will trade on the Nasdaq Capital Market (\u201cNasdaq\u201d) under the symbols \u201cLEGO\u201d and \u201cLEGOW,\u201d respectively. Those units not separated will continue to trade on Nasdaq under the symbol \u201cLEGOU.\u201d Holders of units will need to have their brokers contact Continental Stock Transfer\u00a0&amp; Trust Company, the Company\u2019s transfer agent, in order to separate the units into shares of common &hellip; Continue reading &quot;Legato Merger Corp. 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