Appleby Advised Legato Merger Corp. IV in Its USD230M Initial Public Offering
Appleby is pleased to announce that it acted as Cayman Islands legal counsel to Legato Merger IV in connection with the
Appleby Advised Legato Merger Corp. IV in Its USD230M Initial Public Offering
Appleby is pleased to announce that it acted as Cayman Islands legal counsel to Legato Merger IV (Legato Merger) in connection with the closing of 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 Legato Merger of $230,000,000. The 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.
Appleby advised on all Cayman Islands legal aspects of the transaction, reflecting its established track record and expertise in IPOs and capital markets regulation.
Appleby continues to play a key role in major IPO and public-market matters worldwide.
The Appleby Capital Markets team was led by Alexandra Low (Counsel), with Simon Raftopoulos (Partner), Sophia Cunningham (Paralegal) and other members of the corporate team.
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