Legato Merger Corp

Legato Merger Corp. operates as a blank check company, which engages in seeking a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with businesses or entities. The company was founded on June 26, 2020 and is headquartered in New York, NY.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

NEW YORK, NEW YORK and SAULT STE. MARIE, ONTARIO, Oct. 14, 2021 (GLOBE NEWSWIRE) -- Legato Merger Corp. (“Legato”) (Nasdaq: LEGO), a U.S. publicly-traded special purpose acquisition company, and Algoma Steel Group Inc. (“Algoma”), a fully integrated producer of hot and cold rolled steel products, today announced that Legato's stockholders have approved the previously announced business combination transaction between Legato and Algoma (the “Merger”). The holders of approximately 74% of the shares of Legato common stock voted at the special stockholder meeting and approximately 92% of the shares voted were voted in favor the Merger.  The holders of 716 shares of Legato common stock validly exercised their redemption rights in connection with the Merger. Legato will file with the Securities and Exchange Commission (the “SEC”) a Form 8-K disclosing the final voting results.

Legato Merger Corp. Receives Stockholder Approval for its Business Combination with Algoma Steel

NEW YORK, July 12, 2021 /PRNewswire/ --  Juan Monteverde , founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018-2020 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Legato Merger Corp. ("LEGO" or the "Company") (LEGO) relating to its proposed acquisition of Algoma Steel, Inc. Under the terms of the agreement, LEGO will acquire Algoma through a reverse merger, with Algoma emerging as a publicly traded company. The investigation focuses on whether Legato Merger Corp. and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) failing to conduct a fair process, and 2) whether the transaction is properly valued.

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Legato Merger Corp. - LEGO

Legato has entered into an agreement to acquire Algoma Steel, a Canadian steel producer. Algoma will invest in a $500M Electric Arc Furnace which should boost the EBITDA and reduce the sustaining capex.

Legato Merger Corp. Is Acquiring A Promising Steel Company On The Cheap

With the price of steel booming, a more than 100-year-old steel manufacturer is going public in a SPAC merger. The SPAC Deal: Algoma Steel is going public in a SPAC merger with Legato Merger Corp (NASDAQ: LEGO) valuing the company at an enterprise value of $1.7 billion.

Algoma Steel Gets SPAC Deal: What Investors Should Know

Transaction to result in Algoma Steel becoming a publicly listed company. At $10.00 per share of Legato common stock, this all-stock transaction values the combined company at an enterprise value of approximately $1.7 billion including contingent consideration.

Algoma Steel and Legato Merger Corp. Sign Definitive Merger Agreement

News for Legato Merger Corp Stock (LEGO)