Legato Merger Corp.’s Lock-Up Period To Expire Tomorrow (OTCMKTS:LEGOU)

Legato Merger’s (OTCMKTS:LEGOU) lock-up period will end 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. After the end 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

OTCMKTS LEGOU opened at $14.58 on Tuesday. Legato Merger has a 12 month low of $9.96 and a 12 month high of $15.15. The company’s 50 day moving average is $14.58 and its two-hundred day moving average is $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.