Legato Merger III, led by SPAC veterans David Sgro and Eric Rosenfeld, registered to offer 17.5 million units at $10 each. A unit consists of one share and one-half of a warrant.
The SPAC intends to focus on target businesses in the infrastructure, E&C, industrial and renewables industries.
CEO Gregory Monahan also served as CEO and a member of the board of Legato II from November 2021 until its business combination with Southland in February 2023, and has continued to serve as a member of the board of directors of Southland since then.
Eric S. Rosenfeld is chief SPAC officer. Since August 2017, he has served as CEO of Allegro and served as chairman from August 2017 until April 2018. He served as the chief SPAC officer of Legato II from its inception in July 2021 until it completed its business combination.
Vice Chairman David D. Sgro has served as COO of Allegro Merger since August 2017 and its chairman since April 2018, and served as CFO from November 2017 until April 2018. He served as a member of the board of Legato II from inception until its business combination, and served as CEO from its inception to November 2021. He was CEO and a member of the board of Legato I from its inception in June 2020 until it completed its business combination with Algoma in October 2021 and served as a member of the board of directors of Algoma since then.
The new SPAC has applied to list on the NYSE American under the symbol LEGT U.
BTIG is the sole bookrunner. Read more.
