Legato Merger Corp. IV Announces Closing of $230,000,000 Initial Public Offering, Including Full Exercise of Underwriters' Over-Allotment Option

NEW YORK, Jan. 26, 2026 (GLOBE NEWSWIRE) -- Legato Merger Corp. IV (the "Company") announced today that it closed its initial public offering of 23,000,000 units, including the full 3,000,000 units subject to the underwriters' over-allotment option, at $10.00 per unit. The offering resulted in gross proceeds to the Company of $230,000,000.

The Company's units are listed on the NYSE American Market ("NYSE American") and are trading under the ticker symbol "LEGO U." Each unit consists of one ordinary share and one-third of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one ordinary share for $11.50, subject to adjustment. Only whole warrants are exercisable and will trade. Once the securities comprising the units begin separate trading, the ordinary shares and redeemable warrants are expected to be listed on NYSE American under the symbols "LEGO" and "LEGO WS," respectively. 

Legato Merger Corp. IV is a Cayman Islands exempted company incorporated for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business ...