Legato Merger IV, a blank check company formed by execs at Crescendo Partners targeting infrastructure, industrials, and AI, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-third of one warrant, exercisable at $11.50.
Legato Merger IV is led by CEO and Director Gregory Monahan, a Senior Managing Director of Crescendo Partners, and Chief SPAC Officer Eric Rosenfeld, the CEO of Crescendo Partners. They are joined by Chairman Brian Pratt and Vice Chairman David Sgro, both of whom have been involved with previous Legato SPACs.
Legato Merger IV's pricing comes on the heels of Legato Merger III (LEGT) announcing its plan to combine with Swedish EV/AV trucking company Einride late last year. Previous SPACs include Legato Merger II, which merged with construction company Southland Holdings (SLND) in 2023; and Legato Merger, with merged with Canada's Algoma Steel (ASTL) in 2021.
Legato Merger IV plans to list on the NYSE under the symbol LEGO.U. BTIG acted as sole bookrunner on the deal.
