Shaolin Capital Management LLC Makes New $5.79 Million Investment in Legato Merger Corp. (NASDAQ:LEGO)

Shaolin Capital Management LLC purchased a new position in Legato Merger Corp. (NASDAQ:LEGO) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 577,334 shares of the company’s stock, valued at approximately $5,785,000. Shaolin Capital Management LLC owned approximately 2.19% of Legato Merger as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LEGO. JPMorgan Chase & Co. purchased a new stake in Legato Merger in the 1st quarter worth $3,641,000. Geode Capital Management LLC purchased a new stake in Legato Merger in the 1st quarter worth $135,000. Wolverine Asset Management LLC purchased a new stake in Legato Merger in the 1st quarter worth $47,000. Dynamic Technology Lab Private Ltd purchased a new stake in Legato Merger in the 1st quarter worth $140,000. Finally, Periscope Capital Inc. bought a new stake in shares of Legato Merger in the 1st quarter worth about $8,448,000. Institutional investors and hedge funds own 61.50% of the company’s stock.

In other news, major shareholder Mason Capital Management Llc sold 16,400 shares of the business’s stock in a transaction dated Monday, August 16th. The shares were sold at an average price of $11.27, for a total value of $184,828.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Legato Merger stock traded up $0.28 during trading hours on Thursday, reaching $11.55. The company’s stock had a trading volume of 31,446 shares, compared to its average volume of 421,458. The firm has a 50 day moving average price of $11.01 and a 200-day moving average price of $10.29. Legato Merger Corp. has a one year low of $9.54 and a one year high of $11.81.

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.

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Institutional Ownership by Quarter for Legato Merger (NASDAQ:LEGO)

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