Legato Merger Corp III Units, each consisting of one Ordinary Share and one-half of one warrant (LEGT.U)

Legato Merger Corp. III announced that its audited financial statements contained an audit opinion with a going concern explanation, indicating uncertainty about the company's ability to continue operations.

NEW YORK, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Legato Merger Corp. III (the “Company”) announced that it has consummated its initial public offering of 20,125,000 units (including the full 2,625,000 units subject to the underwriters’ over-allotment option) at $10.00 per unit. The units were listed on the NYSE American Market (“NYSE American”) and began trading on February 6, 2024 under the ticker symbol “LEGT U”. Each unit consists of one ordinary share and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one ordinary share at a price of $11.50 per share, 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 “LEGT” and “LEGT WS,” respectively.