Legato Merger Corp. IV closes $230 million IPO of 23 million units
Legato Merger Corp. IV, a blank check company with no operations, completed its initial public offering on January 26, 2026, selling 23,000,000 units at $10.00 each for gross proceeds of $230,000,000. The $230,000,000 was placed in a trust account, and the company must complete an initial business combination within 24 months (or 27 months if a deal agreement is signed in that period), or redeem the public shares.
Key points
- 23,000,000 units sold at $10.00 each on January 26, 2026, including 3,000,000 over-allotment units exercised in full on January 23, 2026; gross proceeds of $230,000,000
- Private placement of 550,000 units at $10.00 each for $5,500,000 to initial shareholders and IPO underwriters, completed simultaneously
- $230,000,000 placed in trust account; transaction costs of $12,001,028 and $2,466,163 in cash held outside the trust
- Company has until the end of its combination period (24 months, or 27 months with a signed agreement) to complete a business combination
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 30, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.