Legato Merger Corp. III closes IPO of 20.125M units at $10/unit, gross proceeds $201.25M

Legato Merger Corp. III

IPO of 20,125,000 units (incl. 2.625M over-allotment) at $10.00 each, plus 555,625 private placement units at $10.00.
Gross proceeds $201.25M from IPO and $5.56M from private placement; $201.25M placed in trust account.
Each unit consists of one ordinary share and one-half warrant exercisable at $11.50 per share.
Company has 24 months (or 27 with LOI) to complete initial business combination; focus on infrastructure, engineering, industrial, renewables.
Audited balance sheet as of Feb 8, 2024 shows $203.72M total assets, $7.08M liabilities, and $4.61M accumulated deficit.

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